Amendment of section 185

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Full Text of the Document

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....on 186, a firm shall not be regarded as a genuine firm if any partner of the firm was, in relation to the whole or any part of his share in the income or property of the firm, at any time during the previous year, a benamidar of any other partner to whom the first-mentioned partner does not stand in the relationship of a spouse or minor child."; (b) for sub-sections (2) and (3), the follo....