https://www.taxtmi.com/caselaws?id=193995 In a partnership, unequal profit shares admitted by the parties give rise to the ordinary presumption that losses are borne in the same proportion, unless a special agreement proves otherwise. That presumption is supported by the evidentiary rule placing the burden on the party asserting an exception to establish it. Where defendants claimed they were exempt from sharing losses but produced no supporting evidence, they failed to displace the presumption, and liability for losses was sustained in the pleaded proportions. en-us Fri, 09 Feb 1934 00:00:00 +0530 Fri, 25 Aug 2017 10:46:07 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=193995 In a partnership, unequal profit shares admitted by the parties give rise to the ordinary presumption that losses are borne in the same proportion, unless a special agreement proves otherwise. That presumption is supported by the evidentiary rule placing the burden on the party asserting an exception to establish it. Where defendants claimed they were exempt from sharing losses but produced no supporting evidence, they failed to displace the presumption, and liability for losses was sustained in the pleaded proportions. Case-Laws Indian Laws Fri, 09 Feb 1934 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=193995