https://www.taxtmi.com/caselaws?id=461767 Section 26A required a firm to be constituted under an instrument of partnership specifying the partners' shares, and the instrument had to be in force during the relevant accounting year. A partnership first formed orally could still qualify if later reduced to writing, but only where the written deed existed during that year and governed the profits of that period. A deed executed after the accounting year did not satisfy the statutory scheme for registration for an earlier assessment year. On that basis, the firm was held not entitled to registration for the years in question, and refusal of registration was upheld. en-us Wed, 15 Apr 1959 00:00:00 +0530 Sat, 26 Apr 2025 10:03:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=461767 Section 26A required a firm to be constituted under an instrument of partnership specifying the partners' shares, and the instrument had to be in force during the relevant accounting year. A partnership first formed orally could still qualify if later reduced to writing, but only where the written deed existed during that year and governed the profits of that period. A deed executed after the accounting year did not satisfy the statutory scheme for registration for an earlier assessment year. On that basis, the firm was held not entitled to registration for the years in question, and refusal of registration was upheld. Case-Laws Income Tax Wed, 15 Apr 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=461767