Huf partner

Chief Manager(Law)

Can there be a partnership firm with HUF as one of the partner?

 
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Practicing Advocate

No. HUF cannot be a partner. The relation of partnership arises from contract and not from status. However, a karta acting on behalf of a HUF can enter into valid partnership

 
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Chief Manager(Law)

Thanks for your answer, please confim that we can rely on the foillowing observations of the Supreme Court and if there are any other judgments please share.

As observed by the Supreme Court in the case of Commissioner of Income Tax V/s Figiges & Comp. (1953) 24 ITR 405 and in the case of Dulichand Laxminarayan V/s Commissioner of Income Tax – AIR 1956 SC 354 – A   firm is not a "person" and as such was not entitled to enter into a partnership with another firm or an HUF 

 
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LAWYER

HUF can be a Partner in Partnership Firm. One of my family Firm has HUF Partners. 

 
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