https://www.taxtmi.com/caselaws?id=302921 The Supreme Court upheld the High Court's decision, dismissing the appeal and affirming the validity of the plaintiff firm's registration under the Indian Partnership Act. The Court also ruled that the transactions were not prohibited forward contracts and upheld the calculation of debits and credits based on actual purchase and sale rates. The appellant was ordered to bear the costs of the case. en-us Mon, 11 Feb 1963 00:00:00 +0530 Thu, 23 Jun 2022 18:19:46 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=302921 The Supreme Court upheld the High Court's decision, dismissing the appeal and affirming the validity of the plaintiff firm's registration under the Indian Partnership Act. The Court also ruled that the transactions were not prohibited forward contracts and upheld the calculation of debits and credits based on actual purchase and sale rates. The appellant was ordered to bear the costs of the case. Case-Laws Indian Laws Mon, 11 Feb 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=302921