1981 (9) TMI 12

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.....-One C. N. Caroe was a partner in a firm of solicitors, M/s. Craigie Blunt and Caroe. This firm was dissolved on 30th September, 1953, and the business carried on by the firm was taken over by another firm in which Mr. Caroe became a partner. This new firm was M/s. Mulla and Mulla and Craigie Blunt and Caroe. Mr. Caroe died on 9th September, 1954. The accounting year followed by the old as well a....

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....sessment for the second period he included Rs. 28,231 as share of profit from M/s. Mulla and Mulla and Craigie Blunt and Caroe. In appeal, the AAC was of the opinion that in view of the observations to be found in the decision of the Supreme Court in CIT v. Amarchand N. Shroff [1963] 48 ITR 59 (SC), the share of profits received for the period after his death should not be assessed separately i....

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....red to be income. It is from the order of the Tribunal that the following question of law arose and stands referred to us by the Tribunal: " Whether, on the facts and in the circumstances of the case, the sum of Rs. 28,231 was liable to be included in the total income of the assessee under the provisions of the Indian Income-tax Act, 1922 ?" It would appear to us that the answer to be given ....