Case Law Details
Case Name : Pannalal Kejriwal Vs CIT (Calcutta High Court)
Related Assessment Year :
Courts :
All High Courts Calcutta High Court
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Pannalal Kejriwal Vs CIT (Calcutta High Court)- Whether in the facts of the present case the transactions relating to the shares of ITC Ltd. and Tata Tea Ltd. on behalf of the two partners where the assessee-firm apparently acted as broker could be said to be the transaction on behalf of the assessee-firm itself and the profit of the two partners can be added to the income of the assessee-firm. There is no just reason of treating the income from such share transactions of the partners of the assessee as those of the firm. The firm
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