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Case lawSupreme Court › N.V. Shanmugham & Co v CIT
Supreme CourtHelps departments.2(31)s.161s.160

N.V. Shanmugham & Co v CIT

A court receiver is running the dissolved firm's business and paying each of us a monthly sum. The department wants to tax the profits as an AOP. Can it, when we are fighting each other?

A court receiver is running the dissolved firm's business and paying each of us a monthly sum. The department wants to tax the profits as an AOP. Can it, when we are fighting each other?

Yes, on these facts. The receivers themselves are not an association of persons — they are representatives — but the persons they represent were held to be an AOP, because the control and management of the business was unified, the profits were earned on behalf of persons having a common interest created by the court's order, and all of them took the monthly payments. Liability to tax depends on the earning of profits by a unit, not on how the profits are ultimately divided.

Decided by the Supreme Court (J.C. Shah J, K.S. Hegde J and A.N. Grover J (judgment of the Court delivered by Hegde J)) on 1970-04-23, reported as 1970 AIR 1707; 1971 SCR (1) 340; 1970 SCC (2) 139. It bears on section 2(31), section 161, section 160 of the Income Tax Act 1961, in Assessment & Scrutiny and How Tax Law Is Read matters.

Still good law. Later treatment checked only to this extent: the Bombay High Court in CIT v. Marsons Beneficiary Trust, decided 24 July 1990, considered Shanmugham at paras 9 to 13, did not doubt it, and held it inapplicable to trustees carrying on business under a trust deed because the beneficiaries had neither come together for a common purpose nor authorised the business. That judgment was read in full for this batch. No wider search for later treatment was run. The judgment is on the 1922 Act; its AOP reasoning is applied under s.2(31) of the 1961 Act, and s.2(31) has since acquired an Explanation (Finance Act 2002) which was not before the Court.

Why it matters

This is the Revenue-side authority in the AOP line, and it is the one the department cites whenever a business is run for several owners by a common hand — receivers, administrators, joint managers, heirs pending partition. Two things in it do the work. First, the existence of defined shares does not prevent an AOP: 'the existence of specific or defined interest in the profits did not make the earning any the less by an association of persons.' Second, acquiescence is enough — a partner who objected to the continuance of the business but took his monthly payments was held to have acquiesced. The counterweight is that this reasoning was expressly refused an extension to private trusts in Marsons Beneficiary Trust, where the beneficiaries had not authorised the trustees to carry on business.

Binding on every court and authority in India.

Not yet CA-verified. This entry was found through the sources listed under the Sources tab, and the summary reflects what those sources say. Nobody has yet read the full judgment and signed it off. Check the source before relying on it.

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