1976 (7) TMI 79

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..... lower authorities on two grounds. The first ground was that Shri Vipin Kumar who was minor, admitted to the benefits of the partnership, had attained majority on10th March, 1971and, therefore, a new deed of the partnership should have been drawn due to the change of the constitution of the firm which was not done. The second reason for rejecting the registration was that the application for regist .....

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..... Ganesh Lal Lexmi Narain vs. CIT 68 ITR 969 (All) had held that after a minor admitted to the benefits of partnership attained majority, the old deed of partnership could not be served as an instrument under which the firm consisting inter-alia of the minor who had since attained majority could seek registration or renewal of registration. The above judgment was followed by the same High Court in .....

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..... , in our opinion, is not sufficient to reject the benefit of registration of the assessee firm. We, therefore, direct the ITO to grant registration of the assessee firm. We, therefore, direct the ITO to grant registration of the assessee firm. We may observe that the ITO had never doubted the genuineness of the firm. 4. In the result, the appeal is allowed.
Case laws, Decisions, Judgements, O .....

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