1996 (9) TMI 20 - HC - Income Tax

Summary

The High Court of Kerala ruled in a case involving a partnership firm of Abkari contractors that the partnership was void under section 23 of the Contract Act. The court held that the partnership could not be recognized as a genuine firm for income tax purposes. The court answered the questions in favor of the Revenue and against the assessee. The judgment will be forwarded to the Income-tax Appellate Tribunal, Cochin Bench.