https://www.taxtmi.com/caselaws?id=39525 A partnership deed that treats minors as full partners and makes them liable for losses is invalid under partnership law, because a minor can only be admitted to the benefits of partnership and cannot contract as a partner. On that footing, the firm cannot be regarded as genuine for income-tax registration or renewal, and cancellation of renewal under the 1922 Rules was justified. A cancellation order for an assessment year governed by the repealed law was also not invalid merely because it referred to section 186(1) of the 1961 Act, since the power was otherwise available under the correct rule and no prejudice was shown. en-us Mon, 19 May 1975 00:00:00 +0530 Sat, 17 Apr 2010 11:05:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39525 A partnership deed that treats minors as full partners and makes them liable for losses is invalid under partnership law, because a minor can only be admitted to the benefits of partnership and cannot contract as a partner. On that footing, the firm cannot be regarded as genuine for income-tax registration or renewal, and cancellation of renewal under the 1922 Rules was justified. A cancellation order for an assessment year governed by the repealed law was also not invalid merely because it referred to section 186(1) of the 1961 Act, since the power was otherwise available under the correct rule and no prejudice was shown. Case-Laws Income Tax Mon, 19 May 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39525