https://www.taxtmi.com/caselaws?id=49350 A genuine partnership under section 26A of the Indian Income-tax Act, 1922 could not be refused registration merely because one partner was a benamidar for another. The decisive question was whether the firm was legally existent and whether the partnership deed correctly specified the individual shares of the persons shown as partners. A benami or dummy arrangement affected only the beneficial ownership between the real owner and the benamidar, not the contractual rights and liabilities created by the deed inter se. On that basis, the instrument remained valid for registration purposes, and the stated share of the benamidar was treated as the correct individual share. en-us Wed, 04 Nov 1964 00:00:00 +0530 Thu, 21 Aug 2014 09:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49350 A genuine partnership under section 26A of the Indian Income-tax Act, 1922 could not be refused registration merely because one partner was a benamidar for another. The decisive question was whether the firm was legally existent and whether the partnership deed correctly specified the individual shares of the persons shown as partners. A benami or dummy arrangement affected only the beneficial ownership between the real owner and the benamidar, not the contractual rights and liabilities created by the deed inter se. On that basis, the instrument remained valid for registration purposes, and the stated share of the benamidar was treated as the correct individual share. Case-Laws Income Tax Wed, 04 Nov 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49350