COMMISSIONER OF INCOME-TAX versus KAMALA DEVI
Legal fiction Legal fiction is limited to the purpose for which they were created and should not be extended beyond the legal field. A legal fiction presented under one law cannot be included in all other acts. Therefore, the Partnership Act According to section 14, 1932, the firm is said to be the owner of the partner assets; in fact this partner company cannot operate without partners and it is the partner, who, according to the proportion of his profit to share the property. Are real owners. This firm is not a legal entity in its own right, even in the case of the sale of the assets of the partner firm, it is only to the partners who have been granted the sale process, as the partnership firm is not a legal person.
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