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1972 (9) TMI 21 - HC - Income TaxWhether the Tribunal was correct in holding that the assessee-firm was the owner of premises No. 5, Clive Row, Calcutta, and that the provisions of section 9(3) of the Indian Income-tax Act, 1922, had no application in this case - Counsel for the assessee drew our attention to a decision of the Supreme Court in the case of Addanki Narayanappa v. Bhaskara Krishnappa. That case, however, dealt with the problem of inter se relationship between the partners so far as the owning of property was concerned. In our opinion, the said decision cannot be relied on by the assessee in support of the proposition that a firm was not an entity known in law which was capable of owning property - Question answered in the affirmative
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