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1999 (11) TMI 45 - KARNATAKA HIGH COURTExtract: .......ecided according to the common notions of practical men, for the Act does not provide any guidance in the matter . If the intention of the partners was to take the property on sub-lease and then let it out, the object for which the firm was constituted is achieved. Reference is accordingly answered in favour of the assessee and against the Revenue.
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