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1974 (6) TMI 4 - HC - Income TaxAs already stated, the partnership deed is clear and unequivocal, and according to the partnership deed, Shanthi Nainar has been admitted as a partner only in his individual capacity. The partnership deed dated May 30, 1958, has not been modified and the relationship between the two partners referred to, therein continued to be the same. Whatever be the relationship between Shanthi Nainar and his three sons is per the deed of partial partition or as per the partnership deed dated May 2, 1960, Shanthi Nainar's relationship with his partner under the partnership deed dated May 30, 1958, has not undergone any change. In our view, the renewal of registration in this case should be granted.
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