property of the partnership, movable or immovable into separate property of the individual partner or property of the individual partners into property of the firm ... property may not be partnership property. Even when conversion of individual immovable property of the partner into property of the partnership is made
plaintiff formed another partnership with same name and dealt with and
disposed of properties of the original partnership firm. Siddharth was a
minor ... existence. The
partners of the firm could not treat any property of the firm as his or her
personal property and only right
owner of 'A'
schedule property is denied, the suit property is the property
of partnership Firm of which defendant ... suit property into partnership business."
In the next line also he has deposed that the suit
property was the property of partnership Firm
copy of partnership deed, audited financial statements,
assessment order passed in case of partnership firm, return of income
of the partnership firm etc. Thus ... property belongs to the partnership firm and has also been assessed at
the hands of the partnership firm cannot be discarded on flimsy
ground. Moreover
firm, the property of the firm has been
devolved as it is stated by the plaintiff by its
members of the partnership firm. From ... firm shall
constitute the property of the firm unless the
contract between the partners provides otherwise.
On the dissolution of the firm each partner
becomes
raised certain issues in respect of these properties and these
properties being the properties of the partnership firm, the plaintiff
has prayed for appropriate reliefs ... partnership properties are mixed up with the joint properties.
He submits that the plaintiff has not prayed for dissolution of the
partnership firm
instant case, the partnership firm had purchased the
property under a registered sale deed in the name of firm. The
property did-not stand ... have taken cash and given the property
to the incoming partners. The property belongs to the
partnership firm. It did not belong to the partners
necessary to mutate the ownership of the property to the
partnership firm in revenue records. It is also stated that by the sale
document ... assessee had decided to
convert the proprietary business into a partnership firm. Accordingly, a firm was
constituted on 14/08/1998 by inducting eight more
Part IX of the
Companies Act , when a Partnership Firm is treated as a Company, the
properties of the erstwhile firm vests in the Company ... revaluation of the asset the capital has been increased.
The properties of the partnership firm have been vested with the
company. The company has taken
property at Pretoria Street, Kolkata on 14.12.2013. During the course of
assessment proceeding, the assessee was asked to furnish the details of property
sold along ... that the assessee had sold a property on 14.12.2013 to
M/s Srishti Properties (partnership firm), for a total sale consideration
