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Showing 41 to 44 of 44 Records
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1966 (7) TMI 4 - MYSORE HIGH COURT
Refusal to grant registration to the assessee-firm ... ... ... ... ..... ay of the month would be the date of retirement since other difficulties and complications might have arisen if their exit from the partnership was to be on the very day on which a net profit of Rs. 1,00,000 had been earned. However that may be, the fact that under the agreement it was agreed that the five brothers could take a half share in the aggregate profits is itself sufficient consideration for the agreement that the date of their retirement from the partnership should be postponed until the last day of the month. In our opinion, there was a real and legal partnership entered into on April 28, 1960, between the five brothers and Achaiah Chetty and his son, Parthasarathy. Our answer to the question before us should, therefore, be in favour of the assessee and our answer is that the refusal of the registation of the assessee-firm for the assessment year 1961-62 was not justified in law. The assessee will be entitled to the costs of this reference. Advocate s fee Rs. 250.
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1966 (7) TMI 3 - MYSORE HIGH COURT
On Dec. 8, 1958, a partition deed was executed, under which properties were allotted to assessee, his wife and his three sons. One of the properties so allotted was the shop in which assessee conducted his business - assessment of the assessee in the status of an `individual` was correct
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1966 (7) TMI 2 - MYSORE HIGH COURT
Notice was issued to the assessee on July 15, 1958, u/s 18(2) after the expiry of the relevant financial year, but the assessee did, however, produce his return before the assessment was made - notice served on the assessee on July 31, 1958, u/s 18(2) is an illegal notice, but that the assessment made u/s 19(3) after the issue of such notice is not liable to be quashed on the ground that the notice issued u/s 18(2) is an illegal notice
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1966 (7) TMI 1 - MYSORE HIGH COURT
Order of the Tribunal - application of mind - order should similarly disclose what were the contentions urged before the Tribunal and should state why and for what reason those contentions were repelled
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