1989 (3) TMI 71

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n January 2, 1976, and he was admitted as a partner by virtue of the partnership deed dated January 11, 1976, with effect from April 1, 1975. While he was minor, he was only having the benefits of partnership. For the assessment year 1976-77, the partnership firm applied for the grant of registration to the partnership created, vide deed dated January 11, 1976, with effect from April 1, 1975. The .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... and it was held that if, during the accounting year, a minor becomes a major and is made partner after attaining majority but from an earlier date when he was minor, registration can be granted. Following the aforesaid decisions, we are of the opinion that the Tribunal was right in granting registration, and we answer the referred question in favour of the assessee, in the affirmative.
Case l .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X