1989 (1) TMI 34 - HC - Income Tax

Summary

The High Court of Punjab and Haryana addressed two questions regarding the legality of a partnership between the 'karta' of a Hindu undivided family and a co-parcener. The court ruled in favor of the assessee, citing previous judgments that supported such partnerships. The court found that the co-parcener had genuinely contributed labor and skill to the partnership, leading to a decision in favor of the assessee. The registration of the partnership was upheld for the assessment years in question.