firm
for the said assessment years, the amending orders being
passed against the dissolved firm.
The appeals preferred by the dissolved firm through ... arrangement between the partners of the firm amounted to a
distribution of the assets of the firm on dissolution, that
there was no sale
done before the dissolution, until public notice is given of the dissolution.
Section 46 provides that on the dissolution of the firm every partner ... partners of the firm, unless such partner has bought the goodwill of the firm to use the firm name on dissolution.
Noticing the scheme
Indian Partnership Act, 1932
39. Dissolution of a firm.—
The dissolution of partnership between all the partners of a firm is called the ‘dissolution
Succession of one firm by another firm-- Where a firm carrying on a business or profession is succeeded by another firm, and the case ... mind that the word, "dissolution" as such or even the concept of 'dissolution of a firm' is neither defined nor elaborated
dissolution of a firm, inasmuch as, according to him, whether a partner retired from the firm or there was general dissolution of the firm ... partnership as a firm, while in the latter case the firm as such no more exists and the dissolution is between all the partners
assessing a
dissolved firm with the liability of the partners to pay the
tax so assessed on the firm before its dissolution. The
reasons given ... ingenuity evade its liability by the voluntary act
of dissolution. The dissolution of a firm could therefore be
viewed differently from the death
property of the firm. Rights of buyer and seller of goodwill. (2) Where the goodwill of a firm is sold after dissolution, a partner ... business of the firm, or (c) solicit the custom of persons who were dealing with the firm before its dissolution. Agreements in restraint of trade
held by the aforesaid firms and individual partners. With reference to the firms, the manner in which the firms were to be reconstituted by retirement ... distributed to them by the assessee-firm to the new firm by doing valuation. The new firm thereafter sold the machinery for a price
firm
against the firm on any person
alleged to be or to have been a
partner in the firm unless the firm
is registered ... deceased [partner of firm
for accounts of the firm or to
realise the property of the firm.)
(2) No suit to enforce a right
arising
partnership as a firm, while in the latter case the firm as such no more exists and the dissolution is between all the partners ... partnership as a firm : in the latter case, the firm as such no more existed and the dissolution was between all the partners
