1978 (4) TMI 13

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....essment year 1968-69. Ahsan Ali Khan who had been admitted to the benefits of the assessee-partnership firm attained majority on November 18, 1967. On January 1, 1968, a fresh partnership deed was executed in which the minor Ahsan Ali Khan became a fullfledged partner. The relevant accounting period for the assessment year ended on December 31, 1967. Therefore, for purposes of this year, the posit....