Search Results for Tag : Partnership Firm

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IT Law Doesn’t Bar Partners to Draw Remuneration from More than One Firms: ITAT(15.04.2019)

Income Tax Appellate Tribunal (ITAT), Kolkata bench has held that the income tax law does not prohibit a partner from drawing remuneration/ salary fro.....

Tags : Income Tax Appellate Tribunal, Remuneration, Partnership Firm

SC: Legal Heirs Can’t Claim Ownership of Partner’s Contribution in Firm(28.02.2025)

Supreme Court has observed that a partner’s contribution in the partnership firm becomes the firm’s property and legal heirs of the partner cannot cla.....

Tags : Supreme Court, Partnership Firm, Exclusive Right

SC: Legal Heirs Can’t Claim Ownership of Partner’s Contribution in Firm(28.02.2025)

Supreme Court has observed that a partner’s contribution in the partnership firm becomes the firm’s property and legal heirs of the partner cannot cla.....

Tags : Supreme Court, Partnership Firm, Exclusive Right

Even Unregistered Partnership Firm Can Maintain ‘Cheque Bounce’ Complaint: HP High Court(17.09.2018)

Himachal Pradesh HC has held that even an unregistered partnership firm can maintain acheque bounce complaint under Section 138 of the Negotiable Inst.....

Tags : Himachal Pradesh High Court, Partnership Firm, Negotiable Instruments Act

SC: In Cheque Dishonour Cases, Partners Would be Personally, Jointly and Severally Liable(17.07.2025)

SC has observed that when the offence of cheque dishonour has been proved against a partnership firm, the firm per se would not be liable, but liabili.....

Tags : Supreme Court, Cheque Dishonour, Partnership Firm

SC: S. 42 of Partnership Act Won’t Apply Where There Are More than 2 Partners in a Partnership Firm(17.07.2025)

Supreme Court has observed that Section 42 of the Partnership Act, 1932 will not apply where there are more than two partners in a partnership firm an.....

Tags : Supreme Court, Section 42, Partnership Firm

Even Unregistered Partnership Firm Can Maintain ‘Cheque Bounce’ Complaint: HP High Court(17.09.2018)

Himachal Pradesh HC has held that even an unregistered partnership firm can maintain acheque bounce complaint under Section 138 of the Negotiable Inst.....

Tags : Himachal Pradesh High Court, Partnership Firm, Negotiable Instruments Act

Raj. HC: Rent Petition Maintainable against Partnership Firm Only if Tenancy Created in Firm’s Name(30.07.2025)

Rajasthan High Court has held that a rent petition against the partnership firm is liable to be filed only if the tenancy is created in the name of th.....

Tags : Rajasthan High Court, Partnership Firm, Tenancy

Supreme Court: Deceased Partner’s Legal Heirs Not Liable for Liability of Partnership Firm(09.04.2024)

Supreme Court has held that upon the death of a partner of the partnership firm, legal heirs of the deceased do not become liable for any liability of.....

Tags : Supreme Court, Partnership Firm, Legal Heirs, Deceased Partner

Bom. HC: Unregistered Partnership Firm Can be Made an Accused in Cheque Bounce Case(19.10.2023)

Bombay High Court has held that registration or non-registration of the partnership firm will have no bearing insofar as Section 141 of Negotiable Ins.....

Tags : Bombay High Court, Cheque Bounce, Unregistered Partnership Firm