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Partner to recover IT docs of his firm in dispute

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CA Manivel Manickam

Chartered Accountant

81 Points Posted on 17 August 2022

Hi, A is a partner in ABCD &Co partnership firm and A holds 50% of the share. B, C and D has balance 50% and they are not ready to share the Financials of the firm with A. Does A has option to recover the Balance sheet and P&L of his firm for the previous years from Income tax or in any other legal way ? (If A files civil suit with court , it may take long time and he don't wish to file case in court )

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Quick Summary

A partner in a firm, holding a 50% share, is unable to access the firm's financial documents like balance sheets and P&L statements. The other partners are withholding this information and refusing to share login credentials for the income tax portal. The partner is seeking alternative legal methods to recover these crucial documents without resorting to a lengthy civil suit.