distinguishable in the
present case since in the cited cases the allegations
pertained to misappropriation from partnership property
while in the present case such partnership ... partnership
property to individual property" if done wrongfully
would be nothing different from 'misappropriation'
from partnership property. In any case there
Indian Partnership Act describes what can be the property of a partnership firm. Property and rights and interests in property originally brought into the stock ... partnership property. A mere user of a property by the partnership for its business does not make the property as belonging to the partnership
money or property of a partnership or holds property or money of a partnership, he does not receive or hold that property in a fiduciary ... incident of partnership property. Section 19 , Partnership Act discloses the implied authority of a patnr. to deal with partnership property to bind the firm. Section
family, the latter also does not. Even in the
case of the former, the partnership property
will consist of the contribution made by the
karta ... from the coparcenary property and the
contribution made by the coparcener of his
individual property- Both taken together would
become partnership property in which
form of money. It was held in that case that property became the property of the partnership firm.
23. The Calcutta High Court ... partnership property. Even if a property contributed by one partner be an immovable property, no document, registered or otherwise, is required for transferring the property
money. It was held in that case that the property became the property of The partnership firm. The Calcutta High Court in the case Prem ... partnership property. Even if a property contributed by one partner be an immovable property, no document registered or otherwise is required for transferring the property
family, the latter also does not. Even in the case of the former, the partnership property will consist of the contribution made by the karta ... from the coparcenary property and the contribution made by the coparcener of his individual property. Both taken together would become partnership property in which
transfer the partnership property. The right that he possesses in the partnership property is his right as a member of the partnership ... right to the partnership business, but certain items of the partnership property were mortgaged. A transfer of partnership property, either by mortgage or by sale
interest of a partner in a partnership is not "interest in property" or "property" as defined and dealt with ... partnership. In a partnership, the share of each partner is definite, though it is true that even in the case of partnership properties, no partner
property of a partnership on the formation of that firm.
6. The assessee's property becomes the property of the partnership by a process ... property, a proprietor's property becomes the property of a partnership. If, in the present case, what was the assessee's individual property
