Tag Archives: partnership

LLP Incorporation made online: Govt.

Indian Ministry of Corporate Affairs has launched incorporation of Limited Liability Partnership (LLP) through a complete online system through a web service titled “RUN-LLP (Reserve Unique Name – Limited Liability Partnership)”. Name can also be allotted to LLP through an … Continue reading

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Revenue could resile from settlement: SC

The Supreme Court of India clarified that there could be no settlement with an individual partner so as to discharge him from his obligation to pay the sales tax dues payable by the assessee-Firm, and hence Revenue could resile from … Continue reading

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Mere co-operation doesn’t result in an AOP: DHC

In an important ruling that seems to provide clarity on taxation of turnkey contract consortiums, the Delhi High Court ruled that ‘mere corporation’ between consortium members should not result in an Association of Persons (“AOP”) tax risk in India. The … Continue reading

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Suit filed by reg partnership firm can be continued by the surviving partner: SC

The Supreme Court of India clarified that a suit filed by a registered partnership firm (consisting of only two partners) can be continued by the surviving partner in case of dissolution of partnership by expiry of the other partner during … Continue reading

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