Supreme Court · 1972 INSC 29 · Decided 28 January 1972
Devidas Vithaldas & CO. v. C.I.T, Bombay City
- Court
- Supreme Court of India
- Citation
- 1972 INSC 29 · [1972] 3 S.C.R. 215
- Case number
- CIVIL APPEAL No. 1452/1968
- Decided
- 28 January 1972
- Bench
- S.M. SIKRI, J.M. SHELAT, G.K. MITTER, HANS RAJ KHANNA (4-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
Headnote
E G H DEVIDAS VI111ALDAS Ii: CO. v. C.I.T., BOMBAY CITY Janµnry 28, 1972 [S. M. S!KRI, C.J., J, M. SHELAT, H. R. KHANNA AND G. K. MIT'.l'ER, JJ .] 215 Jm:ome-tax-Capital or Re.en"" ex1mtdltu~oodwill-D•ed of ·dissolution of partnership reciting "sale" of a.J revenue expendi~. P and A carried on business as Chartered accountants in the . name of D.V. & Co.. On P retiring from plrtnership a deed 6f dissOlu­ tion was executed which provided that the business would be carried on by A. By clause 2 of the deed, P, who owned the rights and
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