https://www.taxtmi.com/caselaws?id=39902 A partnership deed was held to create a valid firm in law where it identified the partners, their shares and the capital contribution, and the supporting relinquishment deed was treated as a transfer of interest in partnership assets rather than a conveyance requiring registration solely because immovable property formed part of those assets. A partner's interest in partnership property was regarded as movable property, and any registration defect as to the immovable-property element did not invalidate the instrument in relation to the movable assets. On that basis, the partnership was recognised as legally constituted and eligible for registration under section 26A of the Income-tax Act. en-us Fri, 07 Oct 1966 00:00:00 +0530 Mon, 16 Mar 2015 10:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39902 A partnership deed was held to create a valid firm in law where it identified the partners, their shares and the capital contribution, and the supporting relinquishment deed was treated as a transfer of interest in partnership assets rather than a conveyance requiring registration solely because immovable property formed part of those assets. A partner's interest in partnership property was regarded as movable property, and any registration defect as to the immovable-property element did not invalidate the instrument in relation to the movable assets. On that basis, the partnership was recognised as legally constituted and eligible for registration under section 26A of the Income-tax Act. Case-Laws Income Tax Fri, 07 Oct 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39902