https://www.taxtmi.com/caselaws?id=37297 Registration of a firm under the Income-tax Act, 1961 requires a valid partnership instrument in force during the relevant previous year, with the partners' individual shares specified and the application filed within the statutory time. A defect in the partnership deed cannot be cured by a later deed executed after the accounting year has ended, because section 185(2) permits correction of application defects only and does not validate a substantively invalid instrument. On those principles, a later curative deed could not operate retrospectively for the assessment year concerned, and registration for that year was refused. en-us Thu, 03 Mar 1977 00:00:00 +0530 Sat, 27 Mar 2010 18:40:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37297 Registration of a firm under the Income-tax Act, 1961 requires a valid partnership instrument in force during the relevant previous year, with the partners' individual shares specified and the application filed within the statutory time. A defect in the partnership deed cannot be cured by a later deed executed after the accounting year has ended, because section 185(2) permits correction of application defects only and does not validate a substantively invalid instrument. On those principles, a later curative deed could not operate retrospectively for the assessment year concerned, and registration for that year was refused. Case-Laws Income Tax Thu, 03 Mar 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37297