https://www.taxtmi.com/caselaws?id=58057 A partnership deed must be read as a whole to identify the contracting parties for registration purposes. Where an individual signs for an existing firm, but the deed expressly allocates profit and loss shares to that firm, the firm is treated as the partner in substance and not the individual in a personal capacity. On that footing, a partnership described as between a firm and other individuals does not satisfy the requirements for registration when the deed itself shows the firm as the contracting partner and the mutual rights and liabilities among all partners are not properly established. Registration was therefore refused in law. en-us Fri, 14 Mar 1986 00:00:00 +0530 Fri, 17 Dec 2010 11:21:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58057 A partnership deed must be read as a whole to identify the contracting parties for registration purposes. Where an individual signs for an existing firm, but the deed expressly allocates profit and loss shares to that firm, the firm is treated as the partner in substance and not the individual in a personal capacity. On that footing, a partnership described as between a firm and other individuals does not satisfy the requirements for registration when the deed itself shows the firm as the contracting partner and the mutual rights and liabilities among all partners are not properly established. Registration was therefore refused in law. Case-Laws Income Tax Fri, 14 Mar 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58057