https://www.taxtmi.com/caselaws?id=288669 The court upheld the agreement between the plaintiff's father and the first defendant regarding profit sharing in the partnership, ruling in favor of maintaining the original division of profits. Despite the appellant's argument for equal sharing post-1931, the court applied Section 17 of the Indian Partnership Act, stating that the partnership terms remained unchanged after the father's death. As there was no specific contract for equal profit sharing, the court dismissed the appeal and upheld the division of profits in the ratio of 9 1/2 annas and 6 1/2 annas, with costs awarded to the respondent. en-us Tue, 03 Aug 1937 00:00:00 +0530 Mon, 22 Jun 2020 15:43:41 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288669 The court upheld the agreement between the plaintiff's father and the first defendant regarding profit sharing in the partnership, ruling in favor of maintaining the original division of profits. Despite the appellant's argument for equal sharing post-1931, the court applied Section 17 of the Indian Partnership Act, stating that the partnership terms remained unchanged after the father's death. As there was no specific contract for equal profit sharing, the court dismissed the appeal and upheld the division of profits in the ratio of 9 1/2 annas and 6 1/2 annas, with costs awarded to the respondent. Case-Laws Indian Laws Tue, 03 Aug 1937 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288669