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1985 (9) TMI 6 - SC - Income Tax
On the death of partner, widow joined as partner three days later - hold that though there was no formal deed for four days, there was no vacuum in the succession. The wife, the assessee, of the deceased partner, could not get out of the obligation to share in the partnership and she had indeed the right to a share in the partnership. Similarly, the other partners did not have any right to deny her that right - widow is entitled to set off the share of speculation loss of the deceased husband