Supreme Court · 1972 INSC 182 · Decided 23 August 1972
Commissioner of Income -Tax U.P. Lucknow v. M/S. Gangadhar Baijnath General Gang, Kanpur
- Court
- Supreme Court of India
- Citation
- 1972 INSC 182 · [1973] 1 S.C.R. 928
- Case number
- CIVIL APPEAL No. 1746/1968
- Decided
- 23 August 1972
- Bench
- K.S. HEGDE, P. JAGANMOHAN REDDY, HANS RAJ KHANNA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10
Headnote
OF INCOME .. TAX U.P. LUCKNOW A v. M/S. GANGADHAR BAIJNATH GENERAL GANG, KANPUR August 23, 1972 [K. S. HEGDE, P. JAGANMOHAN REDDY AND H. R. KHANNA1 JJ.] Income-tax Act (11 of 1922), s.10-Partners of two partnerships joining to form a third partnership-Partners of one partnetship goin~ out who were partners of J-tirm havin,g quota rights in the S-company, formed a partnership the BJ-firm. There w~s no deed of partnership and the partnership of the BJ-firm was terminable at will. The_ B-firm continued to ex·ist carrying on various other business acti,;ties. The BJ -firm was
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