https://www.taxtmi.com/caselaws?id=40347 An arbitration award distributing the residue of a dissolved partnership firm among the partners did not require registration under section 17 of the Registration Act, 1908. The award only apportioned assets after settlement of accounts; it did not create or transfer any fresh right in immovable or movable property, because the partners were already entitled to the firm assets to the extent of their shares on dissolution. The allocation was therefore not a conveyance, partition, or extinguishment of rights attracting compulsory registration. The principle in S.V. Chandra Pandian was applied, and the objection to enforceability on registration grounds failed. en-us Wed, 05 Feb 2003 00:00:00 +0530 Mon, 16 Feb 2015 18:09:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=40347 An arbitration award distributing the residue of a dissolved partnership firm among the partners did not require registration under section 17 of the Registration Act, 1908. The award only apportioned assets after settlement of accounts; it did not create or transfer any fresh right in immovable or movable property, because the partners were already entitled to the firm assets to the extent of their shares on dissolution. The allocation was therefore not a conveyance, partition, or extinguishment of rights attracting compulsory registration. The principle in S.V. Chandra Pandian was applied, and the objection to enforceability on registration grounds failed. Case-Laws Income Tax Wed, 05 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=40347