3. The brief facts of the case are that a firm in the name of "M/s Satish Chandra Prahlad Narian" is registered under the Indian Partership Act on 15.3.1975 having its four partners namely Prahlad Narain Agarwal, Durgesh Kumar, Smt. Kumud Agarwal and Virendra Agarwal minor under the guardianship of his father Ram Kishan; all having equal share i.e. 25% each. The written partnership deed was also executed on 15.3.1975 which was re-executed on 15.12.1976 as minor Virendra Kumar became major. Subsequently, the deed of partnership was re-executed on 2.4.1992 and again on 1.4.1998 in which the clause of salary for partners was included, a copy of partnership deed dated 1.4.1998 is annexed as annexure-1 to this revision. It is further averred that partnership was at will and by partnership deed dated 1.4.1998, the three working partners namely Prahlad Narain, Durgesh Narain and Virendra Kumar were given the remuneration of Rs.8,000/-P.M. Subsequently a partnership deed dated 1.4.1998 were changed and the remuneration/salary of the working partners was increased from Rs.8,000 to 10,000/- per month w.e.f. 1.4.2009 and the partnership at will was made subject to the condition that the business of the firm will not be terminated by any of the partner without consent and writing of all the remaining partners and if any of the partners intends to retire from the partnership, he may withdraw after taking his share in the existing firm and the business of the partnership will continue with remaining partners, this partnership deed dated 1.4.2009 was signed by all the partners and the same was acted upon, a copy of said addenda dated 1.4.2009 is annexed as annexure-2 to this revision.
