TMI BlogMode of determining existence of partnershipX X X X Extracts X X X X X X X X Extracts X X X X ..... elevant facts taken together. Explanation I: The sharing of profits or of gross returns arising from property by persons holding a joint or common interest in that property does not of itself make such persons partners. Explanation II : The receipt by a person of a share of the profits of a business, or of a payment contingent upon the earning of profits or varying with the profits earned ..... X X X X Extracts X X X X X X X X Extracts X X X X
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