https://www.taxtmi.com/caselaws?id=8333 An arrangement among ice manufacturers was not a partnership because the association itself did not carry on business, buy or sell ice, or act through a common trading venture. The constituent factories remained under their owners' control and risk, while the association only fixed selling prices, collected contributions into a common pool, and redistributed those amounts among the same contributors at year-end. On those facts, the identity of contributors and beneficiaries attracted the principle of mutuality rather than partnership, so the association fell outside the charging provisions of the Indian Income-tax Act, 1922. en-us Tue, 20 Oct 1970 00:00:00 +0530 Thu, 09 Apr 2009 18:36:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8333 An arrangement among ice manufacturers was not a partnership because the association itself did not carry on business, buy or sell ice, or act through a common trading venture. The constituent factories remained under their owners' control and risk, while the association only fixed selling prices, collected contributions into a common pool, and redistributed those amounts among the same contributors at year-end. On those facts, the identity of contributors and beneficiaries attracted the principle of mutuality rather than partnership, so the association fell outside the charging provisions of the Indian Income-tax Act, 1922. Case-Laws Income Tax Tue, 20 Oct 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8333