https://www.taxtmi.com/caselaws?id=6493 SC held that partnership firms are not separate persons but plurality of persons, making employment contracts between firm and partners legally impossible. Partners' remuneration constitutes profit-sharing rather than salary. In tea estate income taxation, where 60% is agricultural and 40% non-agricultural, partners' remuneration from agricultural portion retains agricultural character and remains exempt from income tax under Union jurisdiction, though potentially taxable by State as agricultural income. Appeals dismissed. en-us Wed, 17 Nov 1976 00:00:00 +0530 Tue, 04 Mar 2025 18:27:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6493 SC held that partnership firms are not separate persons but plurality of persons, making employment contracts between firm and partners legally impossible. Partners' remuneration constitutes profit-sharing rather than salary. In tea estate income taxation, where 60% is agricultural and 40% non-agricultural, partners' remuneration from agricultural portion retains agricultural character and remains exempt from income tax under Union jurisdiction, though potentially taxable by State as agricultural income. Appeals dismissed. Case-Laws Income Tax Wed, 17 Nov 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6493