https://www.taxtmi.com/caselaws?id=198478 The plaintiff filed a suit for accounts and recovery of amounts due from defendants in a partnership dissolution dispute. The trial court decreed in favor of the plaintiff, but the lower appellate court dismissed the suit. The disagreement stemmed from concealed profits during the partnership, with the lower court focusing on the portion of profits reaching one defendant. The judgment emphasized that agreements to conceal profits for tax evasion are unlawful and unenforceable due to public policy concerns, leading to the dismissal of the appeal. en-us Fri, 27 Nov 1981 00:00:00 +0530 Thu, 01 Feb 2018 09:59:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198478 The plaintiff filed a suit for accounts and recovery of amounts due from defendants in a partnership dissolution dispute. The trial court decreed in favor of the plaintiff, but the lower appellate court dismissed the suit. The disagreement stemmed from concealed profits during the partnership, with the lower court focusing on the portion of profits reaching one defendant. The judgment emphasized that agreements to conceal profits for tax evasion are unlawful and unenforceable due to public policy concerns, leading to the dismissal of the appeal. Case-Laws Companies Law Fri, 27 Nov 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198478