https://www.taxtmi.com/caselaws?id=39373 A partnership deed must be construed as a whole to determine whether a minor is a contracting partner or is merely admitted to the benefits of partnership. Where the recitals and operative clauses state that the minor receives a share in profits, is not liable for losses, and is admitted only to the benefits of the firm, the minor is not a partner in law. The guardian's signature does not alter that legal effect. On that construction, the firm remained eligible for registration under section 26A. en-us Mon, 14 Jul 1975 00:00:00 +0530 Fri, 16 Apr 2010 10:43:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39373 A partnership deed must be construed as a whole to determine whether a minor is a contracting partner or is merely admitted to the benefits of partnership. Where the recitals and operative clauses state that the minor receives a share in profits, is not liable for losses, and is admitted only to the benefits of the firm, the minor is not a partner in law. The guardian's signature does not alter that legal effect. On that construction, the firm remained eligible for registration under section 26A. Case-Laws Income Tax Mon, 14 Jul 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39373