2001 (4) TMI 55

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.... J.-The Tribunal has held that a firm which had been formed in the year 1964, granted registration in the year 1966, but had ceased doing the business for which the firm had been brought into existence from the year 1973-74 was nevertheless entitled to retain its status of being a registered firm, and have the amounts which the relatives of the partners earned as, insurance commission by practisin....

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....is mother and wife who were partners of the firm to enable the firm to treat his income as its, and take advantage of the firm's status as a registered firm, cannot constitute in reality the income of the firm. The fact that Alagappan and the firm had entered into an agreement also does not make the activity carried on by Alagappan in securing insurance business and earning commission there from t....