https://www.taxtmi.com/caselaws?id=39916 A partnership deed satisfies the registration requirement under section 26A of the Indian Income-tax Act, 1922 if, read as a whole, it reasonably discloses the partners' individual shares with sufficient certainty. Here, the deed, surrounding circumstances, registration applications, and accounts all showed equal capital participation and equal division of profits among the three partners. On that construction, the instrument met the statutory requirement of specifying individual shares, and the firm was entitled to registration for the assessment year; refusal of renewal was therefore not justified. en-us Fri, 28 Oct 1966 00:00:00 +0530 Fri, 05 Aug 2022 18:26:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39916 A partnership deed satisfies the registration requirement under section 26A of the Indian Income-tax Act, 1922 if, read as a whole, it reasonably discloses the partners' individual shares with sufficient certainty. Here, the deed, surrounding circumstances, registration applications, and accounts all showed equal capital participation and equal division of profits among the three partners. On that construction, the instrument met the statutory requirement of specifying individual shares, and the firm was entitled to registration for the assessment year; refusal of renewal was therefore not justified. Case-Laws Income Tax Fri, 28 Oct 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39916