https://www.taxtmi.com/caselaws?id=277234 The court ruled that a change in persons carrying on a business occurred under Section 8(1) of the Excess Profits Tax Act when a Hindu undivided family and a stranger's partnership transformed into a partnership of family members and the stranger. The judgment emphasized that only family members who entered into a contractual relationship with the stranger could be considered partners, not the entire family as a unit. The court dismissed the argument that all family members should be deemed as carrying on the business. It concluded that there was indeed a change in the persons carrying on the business as per the Act. en-us Mon, 02 Aug 1948 00:00:00 +0530 Thu, 29 Nov 2018 15:17:18 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=277234 The court ruled that a change in persons carrying on a business occurred under Section 8(1) of the Excess Profits Tax Act when a Hindu undivided family and a stranger's partnership transformed into a partnership of family members and the stranger. The judgment emphasized that only family members who entered into a contractual relationship with the stranger could be considered partners, not the entire family as a unit. The court dismissed the argument that all family members should be deemed as carrying on the business. It concluded that there was indeed a change in the persons carrying on the business as per the Act. Case-Laws Income Tax Mon, 02 Aug 1948 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=277234