In Commissioner of Income Tax v Jaya Lakshmi Rice & Oil...

Home / Law / Indian Partnership Act / Question

Examveda

In Commissioner of Income Tax v. Jaya Lakshmi Rice & Oil Mills, AIR 1971 SC 1015, it has been held

A. Where a suit has been filed without registration, such suit can be rectified by subsequent registration

B. Where a suit has been filed without registration, such suit cannot be rectified by subsequent registration

C. Where a suit has been filed without registration, such suit can be rectified by subsequent registration with the leave of the court

D. Where a suit has been filed without registration, such suit cannot be rectified by subsequent registration with the leave of the court

Answer: Option B

This Question Belongs to Law >> Indian Partnership Act

Related Questions on Indian Partnership Act

A. Liability of the firm for the acts of a partner

B. Liability of a partner for the acts of the firm

C. Liability of the firm for the wrongful acts of a partner

D. Rights of a partner

View Answer

A. Out of profits only

B. Out of capital if no profits

C. Out of capital if losses

D. Either (A) or (B) or (C)

View Answer

A. Independent of section 44(a) to 44(f) of the Act

B. Ejusdem generis with sections 44(a) to 44(f) of the Act

C. Either (A) or (B)

D. Only (A) and not (B)

View Answer

A. Suit in respect of any transaction which forms an item of the partnership account

B. Suit for money lent by him to a firm of which he is a member

C. Suit for contributions in respect of moneys borrowed by him under an express agreement with them for the purposes of partnership

D. All the above

View Answer