https://www.taxtmi.com/caselaws?id=38577 The High Court affirmed the Tribunal's decision to deny registration to the firm as the partnership was found not genuine, and the partnership deed was legally flawed. The court agreed that Smt. Vimla Kapur's inclusion seemed to protect creditor interests rather than actively participate in the business. The partnership violated principles of the Indian Partnership Act, with guaranteed profits and extensive financial control given to partners. The High Court upheld the Tribunal's findings, emphasizing that it could not overturn factual determinations unless unsupported by evidence or perverse. en-us Tue, 18 Mar 1975 00:00:00 +0530 Wed, 07 Apr 2010 13:18:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38577 The High Court affirmed the Tribunal's decision to deny registration to the firm as the partnership was found not genuine, and the partnership deed was legally flawed. The court agreed that Smt. Vimla Kapur's inclusion seemed to protect creditor interests rather than actively participate in the business. The partnership violated principles of the Indian Partnership Act, with guaranteed profits and extensive financial control given to partners. The High Court upheld the Tribunal's findings, emphasizing that it could not overturn factual determinations unless unsupported by evidence or perverse. Case-Laws Income Tax Tue, 18 Mar 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38577