Supreme Court · 1966 INSC 201 · Decided 4 October 1966
S. Srinivasan v. Commissioner of Income-Tax, Madras
- Court
- Supreme Court of India
- Citation
- 1966 INSC 201 · [1967] 1 S.C.R. 727
- Case number
- CIVIL APPEAL No. 556/1965
- Decided
- 4 October 1966
- Bench
- J.C. SHAH, V. RAMASWAMI, VISHISHTHA BHARGAVA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Constitution Article 19(1); Income Tax Act
Headnote
• A B c D E F G • S. SRINIVASAN v. COMMISSIONER OF INCOME-TAX, MADRAS October 4, 1966 (J.C. SHAH, V. RAMASWAMI AND V. BHARGAVA, JJ.) Income-tax Act (11 of 1922), s. 16(3) (a)(i) and (ii)-Assessee a~d .his wife partners in a firnz-Minor sons entitled to benefits-Profits of wife and minor the o'her two partners. were his wife and a stranger. Two minor sons of the appellant were also admitted to the benefits of the partnership. Under the partnership deed, the shares of tha five persons in the profits were defined, and it was also provided that a partner may advance a loan for
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