https://www.taxtmi.com/caselaws?id=49597 Dispute over whether a deed dated 10 April 1947 created a genuine partnership and whether the firm qualified for registration under section 26A of the Income-tax Act, 1922 for AY 1948-49 is analysed by reference to the partnership deed, Bali Khata ledger entries, bank and shop accounts, and excise licence records. The article explains that ledger entries and separate banking conduct corroborated capital contribution and profit allocation, absence of evidence of licence transfer defeated the excise-based objection, and prior Hindu undivided family status did not bar later formation; authorities' surmise was insufficient, so registration was warranted. en-us Fri, 15 May 1959 00:00:00 +0530 Wed, 04 Mar 2015 14:25:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49597 Dispute over whether a deed dated 10 April 1947 created a genuine partnership and whether the firm qualified for registration under section 26A of the Income-tax Act, 1922 for AY 1948-49 is analysed by reference to the partnership deed, Bali Khata ledger entries, bank and shop accounts, and excise licence records. The article explains that ledger entries and separate banking conduct corroborated capital contribution and profit allocation, absence of evidence of licence transfer defeated the excise-based objection, and prior Hindu undivided family status did not bar later formation; authorities' surmise was insufficient, so registration was warranted. Case-Laws Income Tax Fri, 15 May 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49597