1982 (4) TMI 159

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... share ratio was 60% and 40% of the two partners, the profit were actually divided in the ratio of 50% each. The assessee explained that there was a mistake in dividing the profits and that the correct ratio of the shares of the two partners was stated in the partnership deed. It is also stated in the explanation dt. 27th Aug, 1980 that rectification was carried out during the asst. yr. 1979-80, wh .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X