https://www.taxtmi.com/caselaws?id=38963 The court held that the relationship between the assessee, his wife, and sons was that of co-owners, not partners, as per the stipulations in the partition deed. It was found that there was no sub-partnership due to the absence of mutual agency and the minors' legal incapacity to enter into a partnership agreement. The court affirmed the Tribunal's findings, ruling in favor of the assessees and directing the revenue to bear its own costs and the costs of the assessees. en-us Wed, 19 Nov 1975 00:00:00 +0530 Sat, 10 Apr 2010 15:58:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38963 The court held that the relationship between the assessee, his wife, and sons was that of co-owners, not partners, as per the stipulations in the partition deed. It was found that there was no sub-partnership due to the absence of mutual agency and the minors' legal incapacity to enter into a partnership agreement. The court affirmed the Tribunal's findings, ruling in favor of the assessees and directing the revenue to bear its own costs and the costs of the assessees. Case-Laws Income Tax Wed, 19 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38963