https://www.taxtmi.com/caselaws?id=49316 The court ruled in favor of the firm, upholding its entitlement to registration under section 26A of the Income-tax Act. It determined that the partnership deed only granted benefits to minors without conferring full partnership status. The court emphasized the guardian's role in accepting benefits on behalf of minors and highlighted the need for adherence to legal provisions concerning minors' rights in partnerships. The supplementary deed for extending the partnership did not impact the decision, as the main partnership deed already clarified the nature of minors' involvement. The appeals were dismissed, affirming the firm's right to registration. en-us Thu, 15 Apr 1965 00:00:00 +0530 Wed, 20 Aug 2014 08:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49316 The court ruled in favor of the firm, upholding its entitlement to registration under section 26A of the Income-tax Act. It determined that the partnership deed only granted benefits to minors without conferring full partnership status. The court emphasized the guardian's role in accepting benefits on behalf of minors and highlighted the need for adherence to legal provisions concerning minors' rights in partnerships. The supplementary deed for extending the partnership did not impact the decision, as the main partnership deed already clarified the nature of minors' involvement. The appeals were dismissed, affirming the firm's right to registration. Case-Laws Income Tax Thu, 15 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49316