Partnership
This query is : Open
09 February 2013
One of the partnership firm (Land Developer) has purchased the land in the name of the partner. can we take the sale in the partnership firm.
The reason for the purchase in the name of the partner is the PAN not applied of the firm
partner
One of the partnership firm (Land Developer) has purchased the land in the name of the partner. can we take the sale in the partnership firm.
The reason for the purchase in the name of the partner is the PAN not applied of the firm
partner
HUZAIFA HUSSAIN
(Expert)
09 February 2013
No, unless such land is again transferred in the name of the firm with proper registration .
Since it is immovable property any purchases or sales is to be effected by registered owner.
Since it is immovable property any purchases or sales is to be effected by registered owner.
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