https://www.taxtmi.com/caselaws?id=21829 The High Court held that partners cannot gift firm property to their wives during the partnership. The property is jointly owned by partners, and individual gifting is impermissible. The Tribunal's decision allowing the gifts was overturned. The firm was assessed for tax on rental income from a property in Madras from July 1982, favoring the Revenue. No costs were awarded. en-us Fri, 22 Nov 1991 00:00:00 +0530 Tue, 01 Dec 2009 18:05:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21829 The High Court held that partners cannot gift firm property to their wives during the partnership. The property is jointly owned by partners, and individual gifting is impermissible. The Tribunal's decision allowing the gifts was overturned. The firm was assessed for tax on rental income from a property in Madras from July 1982, favoring the Revenue. No costs were awarded. Case-Laws Income Tax Fri, 22 Nov 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21829