1991 (9) TMI 2

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....judgment of the Calcutta High Court in Dipti Kumar Basu v. CWT [1976] 105 ITF 450. The question in these appeals is whether the appellants who are partners in a firm of solicitors at Calcutta are liable to be taxed under the Wealth-tax Act in respect of their share of the outstandings due to the firm from various clients. This question has been answered against the appellants and hence the present....