9911796707
TMI Blog1932 (1) TMI 28X X X X Extracts X X X X X X X X Extracts X X X X ..... A Hindu joint family consisting of the father and manager V.S.K.S. Soma-sundaram Chetty and his son has been assessed under Section 3 of the Act. The permanent home of the family is Lakshmipuram in the Pudukottah State where it has a money-lending-business. It also carries on piccegoods businesses at Madras and Madura in British India and a money-lending business at Taiping in the Federated Malay ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... r of Income Tax v. T.S. Firm (1927) I.L.R. 50 M. 847 : 53 M.L.J. 249 (F.B.) as regards residence is applicable only to cases of partnership and not to cases of joint undivided Hindu family business and whether that decision does not apply to the facts of the present case. (2) Whether there is legal evidence in support of the finding of the Income Tax Officer that the joint family firm has its r ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... he test of residence some other tiling if it gets income from securities, property or other sources. Thus, obviously, to liken a Hindu joint family to a firm or a company will lead to anomalous conclusions. In Commissioner of Income Tax v. T.S. Firm (1927) I.L.R. 50 Mad. 847 : 53 M.L.J. 249 (F.B.) it was held that in the case of a company or a firm the residence of the company or the firm is that ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... id to be resident in more than one place. Therefore we are of opinion that the test in Commissioner of Income Tax v. T.S. Firm (1927) I.L.R. 50 Mad. 847 : 53. M.L.J. 249 (F.B.) cannot apply to what are generally described in decisions as Hindu Law partnerships, i.e., partnerships which are the creatures of Hindu Law and not of the law of contracts. If the first question is answered as above, there ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
