https://www.taxtmi.com/caselaws?id=49503 Registration under section 26A requires that an instrument of partnership exist in the relevant year of account and expressly specify each partner's individual share; where the partnership deed in the accounting year omitted specification of shares and a rectifying deed was executed only after the year end, the statutory requirement was not met and registration was rightly refused. Clauses addressing extra capital contributions, interest on contributions, admission of future partners, and dissolution distributions did not substitute for an express allocation of profit and loss shares in the year of account. en-us Mon, 13 Mar 1961 00:00:00 +0530 Sat, 30 Aug 2014 20:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49503 Registration under section 26A requires that an instrument of partnership exist in the relevant year of account and expressly specify each partner's individual share; where the partnership deed in the accounting year omitted specification of shares and a rectifying deed was executed only after the year end, the statutory requirement was not met and registration was rightly refused. Clauses addressing extra capital contributions, interest on contributions, admission of future partners, and dissolution distributions did not substitute for an express allocation of profit and loss shares in the year of account. Case-Laws Income Tax Mon, 13 Mar 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49503