Landmark case · Law of Contract – II · Semester 2
CIT v. Kalu Babu Lal Chand
AIR 1959 SC 1289 · Supreme Court of India
A partnership that is genuine and not a mere device will be recognised for legal and fiscal purposes.
From topic
Dissolution of firm and limited liability partnership — Unit V, Law of Contract – II.
Related sections:
- Indian Partnership Act, 1932, 39–55 — Dissolution of a firm and its consequences
- Limited Liability Partnership Act, 2008, 3–4 — Limited liability partnership to be a body corporate
- Limited Liability Partnership Act, 2008, 26–27 — Partners of an LLP and their relationship
- Limited Liability Partnership Act, 2008, 28 — Extent of liability of limited liability partnership