https://www.taxtmi.com/caselaws?id=26578 A body carrying on cinema business in Goa before the appointed day was not a partnership under Indian law because its origin lay in a family arrangement and a status recognised under Portuguese law, not in an agreement creating a partnership under section 4 of the Partnership Act. It also was not legally identical to the later assessee-firm, as the earlier arrangement involved the brothers and their wives, while the later deed substituted the brothers' sons and the dissolution indicated partition of assets rather than continuation of the same firm. The taxation concession therefore could not be claimed on the basis of the earlier business. en-us Fri, 27 Sep 1985 00:00:00 +0530 Sat, 06 Feb 2010 11:29:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26578 A body carrying on cinema business in Goa before the appointed day was not a partnership under Indian law because its origin lay in a family arrangement and a status recognised under Portuguese law, not in an agreement creating a partnership under section 4 of the Partnership Act. It also was not legally identical to the later assessee-firm, as the earlier arrangement involved the brothers and their wives, while the later deed substituted the brothers' sons and the dissolution indicated partition of assets rather than continuation of the same firm. The taxation concession therefore could not be claimed on the basis of the earlier business. Case-Laws Income Tax Fri, 27 Sep 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26578