LAWS(MAD)-1957-1-22

RANGASWAMI NAIDU V Vs. COMMISSIONER OF INCOME TAX

Decided On January 18, 1957
V. RANGASWAMI NAIDU Appellant
V/S
COMMISSIONER OF INCOME-TAX, MADRAS Respondents

JUDGEMENT

(1.) THE assessee and V. Gopal Naidu were part-ners In each of the three partnership concerns (1) R. G. S. Naidu and Co., (2) T. A. Ramalingam Chettiar Sons and Co., and (3) A. G. Guruswami Naidu and Co. R. G. S. Naidu ana Co., -were the managing agents of the Coimbatore Spinning and Weaving Co. Ltd. T. A. Ramalingam Chettiar Song and Co. were the managing agents of Sri Murugan Mills Ltd A. G. Guruswami Naidu and Co., were the managing agents of Sri Radhakrishna Mills Ltd.

(2.) CLAUSES 8 and 9 (sic) of the deed of partner-ship of R. G. S. Naidu and Co. ran :

(3.) THE Appellate Tribunal referred the fol lowing questions to this court under Section 66 (1) of the Act :