MANU/SC/0081/1968

IN THE SUPREME COURT OF INDIA

Decided On: 23.07.1968

Appellants: Commissioner of Income-tax, Mysore
Vs.
Respondent: Gurunath V. Dhakappa

JUDGMENT

Shah, J.

1. By a deed dated August 26, 1957, thirteen persons agreed to carry on business in partnership in cardamoms, betel nuts, pepper and other condiments. G. V. Dhakappa, one of the partners, was appointed manager of the partnership on a remuneration of Rs. 500 per monsoon. The firm was registered and the total share of profits allocated to G. V. Dhakappa in the assessment for the assessment year 1960-61 was Rs. 14,734 which included the amount of Rs

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