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become or that he has elected not to become a partner in the firm, and such notice shall determine ... fails to give such notice, he shall become a partner in the firm on the expiry of the said
Central Government Act
- Cites 0 - Cited by 108
coparcenary are to be regarded as having become partners in a firm with strangers, they would also become under ... Hindu undivided family as such do not become partners of a firm in which their karta has become a partner
Allahabad High Court
- Cites 29 - Cited by 10 -
1968 68 ITR 673 All
- J Sahai - Full Document
profit. When an individual contributes cash asset to become partner of a partnership firm in consideration of a share ... been no partition of the family properties could become partners of a firm of which the joint Hindu family represented
Supreme Court of India
- Cites 24 - Cited by 4 -
1992 AIR 66
- Full Document
minors could not bind themselves during their minority to become partners on their attaining majority. Nor could Laxman Prasad ... majority. Upon attaining majority, they would elect whether to become partners or not to become partners. Beyond admitting them
Allahabad High Court
- Cites 24 - Cited by 2 -
1972 84 ITR 233 All
- Pathak - Full Document
assessee-firm was concerned. Hukumchand and Rajkumar Singh had become partners in the assessee-firm prior to the formation ... reason of Sir Hukumchand and his son, Rajkumar Singh, becoming partners in the assessee-firm not on their own account
Madhya Pradesh High Court
- Cites 23 - Cited by 1 -
1965 57 ITR 213 MP
- Full Document
other members of the family do not ipso facto become partners in the business unless they themselves enter into ... other members of the respective families did not automatically become partners. The same proposition was laid down in Daiva Ammal
Punjab-Haryana High Court
- Cites 17 - Cited by 1 -
AIR 1960 P H 192
- G Khosla - Full Document
that the minor on attainment of majority shall become a partner in the firm in accordance with the provisions ... October 31, 1967, wherein Ved Prakash consented to become a partner along with the 4 other partners with effect from
Gauhati High Court
- Cites 11 - Cited by 0 -
1980 125 ITR 553 Gauhati
- Lahiri - Full Document
requires something to be done by the appellants to become partners of the firm and Clause 18 of the partnership ... defendants. As far as the appellants right to become partners is concerned by virtue of Sections
Karnataka High Court
- Cites 56 - Cited by 0 - V Jagannathan - Full Document
other members of the family do not ipso facto become partners in the business so as to clothe them with ... family as a unit on that account does not become partner, but only such of its members as in fact
Andhra High Court
- Cites 16 - Cited by 0 -
AIR 1968 AP 34
- Full Document
Form No. 12A in case it intends to become a partner through any of its members. (ii) The next argument ... side of a HUF in order to become a partner in a partnership firm through its Karta or any other
Income Tax Appellate Tribunal - Ahmedabad
- Cites 18 - Cited by 0 -
1996 58 ITD 58 Ahd
- Full Document
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