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2005 (6) TMI 20 - HC - Income TaxWhether, Tribunal was right in law in holding that no valid partnership could have been formed between I.P. Barot, representing his Hindu undivided family as karta and Shri Rajnikant I. Barot, and his son who was a member of the said Hindu undivided family? Whether, assessee-firm was entitled to renewal of registration?" In the present case it is not disputed that Mahesh S/o Shri I.P. Barot was inducted as a working partner. He was contributing his skill and expertise in running the partnership business and therefore it cannot be said that he was not a genuine partner and/or was merely a name-lender. In view thereof the orders of the lower authorities need to be set aside. Accordingly, first question is answered in the negative and in favour of the assessee and second question has to be answered in the affirmative, in favour of the assessee
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