Forgot password
New User/ Regiser
⇒ Register to get Live Demo
1981 (3) TMI 75 - SC - Income Tax
Whether the partner of a firm is also liable to be convicted for an offence committed by the firm if he was in charge of, and was responsible to, the firm for the conduct of the business of the firm?
Held that:- The evidence in the present case shows that it was respondent No. 1 and not respondent No. 2 who was in overall control of the day to day business of the firm. The second respondent is not liable to be convicted merely because he had the right to participate in the business of the firm under the terms of the partnership deed.