Supreme Court · 1991 INSC 271 · Decided 24 October 1991
Chandrakant Manilal Shah and ANR. v. Commissioner of Income Tax, Bombay-Ii
- Court
- Supreme Court of India
- Citation
- 1991 INSC 271 · [1991] SUPP. 1 S.C.R. 546
- Case number
- CIVIL APPEAL No. 1187/1976
- Decided
- 24 October 1991
- Bench
- S. RANGANATHAN, N.D. OJHA, V. RAMASWAMI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 26A, 66
Headnote
Indian Income Tax Act, 1922: Section 26A and 66( 1 )-Registration of finn--f'artnership ~ntered into C between a coparcener with the Karta of HUF--Coparcener not bringing a11y + - cash asset, but contributing skill and labour-Partnership dee~ Whether valid. Indian Partnership Act, 1932: D Sei:tion of HUF-Mem- ber contributing skill and labour instead of cash assets--¥alidity of. Hindu Law: E Contract inter se between coparceners of HUF-One of the coparceners not contributing any cash asset--Va/idity of. Hindu Gains of Leamillg Act, 1930: F Sections 2 and 3-<Jains of leaming by a
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