Search Results for "partner's share"

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Bombay High Court Allows Appeals by Acquiring Body in Land Acquisition Compensat...
Bombay High Court Dismisses NHAI Appeals in Land Acquisition Compensation Disput...
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Supreme Court Upholds Refusal to Eschew Proof Affidavit in Probate Proceedings. ...
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Search Results for "partner's share"

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Supreme Court

Supreme Court Allows Revenue's Appeal in Capital Gains Tax Case — Revaluation and Credit to Partners' Capital Accounts Constitutes Transfer Under Section 45(4) of Income Tax Act, 1961. The Court held that revaluation of assets and crediting the surplus to partners' capital accounts in a reconstituted firm amounts to distribution of capital assets, attracting capital gains tax under Section 45(4), and overruled the applicability of Hind Construction Ltd. to post-1988 amendments.

24 Nov 2022

The case involves appeals by the Revenue against the judgment of the Bombay High Court which dismissed the Revenue's appeals and confirmed the ITAT's ...

High Court

Bombay High Court Allows Assessee in Income Tax Reference Under Section 256(1) of Income Tax Act, 1961 — Profits on Sale of Machinery Not Taxable Under Section 41(2) as Depreciation Was Claimed by Dissolved Firm, Not by Assessee.

21 Jul 2005

The case involves a reference under Section 256(1) of the Income Tax Act, 1961 by the Income Tax Appellate Tribunal, Mumbai, for the opinion of the Bo...

High Court

Bombay High Court Allows Appeal Against Remand Order in Partnership Dispute — Unregistered Partnership Bar Under Section 69(2A) of Indian Partnership Act, 1932 Applies to Suit for Accounts and Dissolution. The court held that the trial court must frame and decide the preliminary issue of maintainability under Section 69(2A) before proceeding with the suit.

11 Jul 2011

The appeal arose from a suit filed by the plaintiff (Respondent No.1) against the defendants (Appellants) seeking accounts and dissolution of an unreg...

High Court

High Court of Karnataka Dismisses Second Appeals in Partnership Dispute, Upholds Concurrent Findings on Retirement and Dissolution. Court holds that retirement of a partner from a registered partnership firm does not require registration under the Indian Partnership Act, 1932, and that a suit for dissolution and accounts is maintainable even without registration of the firm.

8 Feb 2022

The case involves a dispute among partners of M/s. Mangal Deep, a registered partnership firm. The appellants, who were partners, filed a suit for dec...

Supreme Court

Supreme Court Dismisses Appeal in Income Tax Case Regarding Tax Liability on Dividend Income from Shares Belonging to Hindu Undivided Family but Registered in Individual's Name. Court Holds that Tax Liability Attaches to Real Owner of Shares, Not Merely Registered Shareholder, Under Section 16(2) of Income Tax Act, 1922.

10 Feb 1966

This case involved a dispute over the liability to pay income-tax on dividend income from shares registered in the name of an individual but claimed t...

High Court

Bombay High Court Dismisses Petition Challenging Arbitral Award in Partnership Dispute — Deed of Reconstituted Partnership Held Genuine. Court finds no perversity in arbitrator's finding that the 26 May 2006 partnership deed was duly proved by claimant's testimony identifying signatories.

11 Dec 2018

The case involves an arbitration petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award passed by a so...

High Court

High Court of Karnataka Dharwad Bench Delivers Judgment in Regular First Appeal Against Dismissal of Partition Suit by Trial Court. The suit involved claims of joint family property, partnership business, and allegations of prior partition through relinquishment deeds and gifts.

24 Sep 2021

The case involves a regular first appeal filed by the appellant/plaintiff against the judgment and decree dated 30.11.2013 in O.S.No.248/2006 passed b...

High Court

High Court of Judicature at Bombay Quashes Ministerial Order Granting FL-II and CL-III License to Former Partner. License Deemed Personal to Original Licensee, Dissolution of Partnership At Will Extinguishes Ex-Partner’s Claim.

20 Jun 2025

The dispute concerned a FL-II and CL-III liquor license originally granted in 1973 to Prabhakar Wabale, who later entered into a partnership at will w...

Supreme Court

Supreme Court Allows Appeal in Partnership Law Case on Maintainability of Suit by Unregistered Firm. The Court held that Section 69(2) of the Indian Partnership Act, 1932 does not bar a suit for declaration and injunction based on fraud and statutory rights, as it does not involve enforcement of contractual rights.

31 Jan 2022

The appeal arose from a suit filed by an unregistered partnership firm, Shiv Developers, seeking declaration and injunction to nullify a sale deed dat...

Supreme Court

Supreme Court Dismisses Appeal in Partnership Dispute, Upholds Dissolution Over Retirement. Court clarifies distinction between retirement of a partner and dissolution of a partnership firm under the Partnership Act, 1932.

26 May 2020

The Supreme Court dismissed the appeals filed by Guru Nanak Industries and Swaran Singh (since deceased, represented by legal representatives) against...

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