1979 (12) TMI 22

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..... " 1. Whether, on the facts and in the circumstances of the case, the Appellate Tribunal Was right in deleting the share income of Rs. 11,498 received from the firm of Messrs. Sri Krishna Corporation, Madurai, as not belonging to the assessee ? 2. Whether, the Appellate Tribunal's view that the share in the partnership firm can be impressed with the character of the joint family property even tho .....

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..... be that because there was a potentiality for the incurring of losses, the shares in the partnership could not be impressed with the character of joint family property. The learned counsel for the petitioner was not able to draw our attention to any proposition of law in Hindu law or general law to the effect that simply because there was a possibility of incurring losses, a coparcener has no righ .....

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