Supreme Court · 1964 INSC 244 · Decided 4 November 1964
Commissioner of Income-Tax, Madras v. Bagyalakshmi & CO., Udamalpet
- Court
- Supreme Court of India
- Citation
- 1964 INSC 244 · [1965] 2 S.C.R. 22
- Case number
- CIVIL APPEAL No. 1099/1963
- Decided
- 4 November 1964
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 26A
Headnote
Income Tax-Registration of firm-Members of Hindu undivided family representing it as partners in firm-Partition of Hindu undivided family-­ Variance between the interests of the members as shown in partnership deed and as shown in partition deed-Partnership otherwise genuine-Whether his son V belonged to a Hindu undivided family, and as repre- C scntatives of the family were partnero in the assesee-firm holding therein shares of 7t as. and 2t as. respectively. The family thus held through them, an interest of 10 as. in the assessee-firm. On August 24, 1950, there was a
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