TMI Blog1951 (12) TMI 17X X X X Extracts X X X X X X X X Extracts X X X X ..... e-tax Act is as follows:- Whether on the facts found by the Tribunal Dina Nath and Amarnath as the respective members of Ram Bharosey and Ram Sarup's branches could represent and bind the other members of their Hindu undivided family under the partnership entered into by them with Har Prasad, an outsider, under the deed of partnership dated 1st February, 1944? It is difficult to unde ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e firm or the shares of profits realised by Amarnath and Dina Nath in this business should be deemed a part of the partnership asset of Ram Bharosey Ram Sarup. The Tribunal found that- (1)The entire funds were supplied by the old business of the two families; (2)two partners in the new business were members representing the two respective families of Ram Bharosey and Ram Sarup; (3 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the only inference that can be drawn is that though the names of Amarnath and Dina Nath only were used the karta and other members of the family were agreeable to the funds of the joint family being utilised for the purpose, as without their consent, probably, the funds would not have been made available to Amarnath and Dina Nath for the purpose of investment. The Tribunal came to a clear and cat ..... X X X X Extracts X X X X X X X X Extracts X X X X
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