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Salary/Commission

X and Y who j...

Question

X and Y who jointly own a house, let it out on rent of Rs. 10,000 p.a., and share the rental income equally. Can X and Y be regarded as partners?

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Solution

Solution: Section to which the given problem relates: Explanation 1 to Section 6.
Decision: No.
Reason: X and V are merely co-owners who are sharing the gross returns arising from a joint property
[Leading case: Govind Nair v Maga]

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