2,25,942/ was raised by the order of the Income tax Officer dated September 23, 1959.
Appeal by special leave from the judgment and order dated January 4, 1967 of the Mysore High Court in I.T.R.C. No.
In the deed of partnership it was stated in paras 2 and 3 follows WHEREAS the aforesaid R. Hanumanthappa, Rama Setty and R. R. Srinivasamurthy were carrying on, as members of a Hindu undivided family, a family business as companyton merchants, till they became divided on 2 11 1948 and the said three parties desire to companytinue the family business companystituting themselves into a partnership.
CIVIL APPELLATE JURISDICTION Civil appeal No.
704 of 1968.
43 of 1965.
In the first case referred to by their Lordships, a companypany went into voluntary liquidation and the liquidator transferred the business to a new companypany which companytinued that business.
