1990 (8) TMI 2 - SCH - Income Tax

Firm - minors are admitted to benefits of partnership but they are treated at par with major partners - minors were admitted as full-fledged partners and therefore the partnership deed was not liable to be registered

Summary

The Supreme Court dismissed the civil appeal regarding the registration of a partnership deed where minors were admitted as full partners. The High Court's decision was upheld, stating that the minors were not just admitted for benefits but as full partners. The appeal was dismissed with no order as to costs.