Indian Partnership Act, 1932 · Chapter III: Relationsof Partners to One Another
Section 14: The property of the firm
Subject to contract between the partners, the property of the firm includes all property and rights and interests in property originally brought into the stock of the firm, or acquired, by purchase or otherwise, by or for the firm, or for the purposes and in the course of the business of the firm, and includes also the goodwill of the business.
Unless the contrary intention appears, property and rights and interests in property acquired with money belonging to the firm are deemed to have been acquired for the firm.
Source: India Code (indiacode.gov.in), the consolidated text published by the Legislative Department, Government of India. Text as updated on India Code on 15 October 2026. Words in square brackets [ ] were inserted or substituted by later amending Acts, and *** marks words omitted by an amendment. The amendment footnotes are not reproduced here. Official text on India Code.
Supreme Court judgments citing the section 14
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Sachin Jaiswal v. M/s Hotel Alka Raje & Other
Whether the High Court was justified in holding that the Hotel constructed by the late father of the appellant on the property which he had bought in 1965, was his contribution to the firm and thus, the same was brought…
- Kanwal Kishore Manchanda v. Delhi Development Authority & Anr
- Thakar Dass Bhatia Through Son Chetan Bhatia v. Suresh Kumar Bhatia & Ors
- Shri Charanjeet Singh & Anr v. Shri Harvinder Singh & Anr
- Mohd. Laiquiddin and Anr. v. Kamala Devi Misra (Dead) by Lrs. and Ors.
- Sri Jagatram Ahuja v. The Commissioner of Gift Tax, Hyderabad
- Commissioner of Gift Tax Gujarat v. Chhotalal Mohanlal
- Controller of Estate Duty Gujarat-I, Ahmedabad v. Mrudula Nareshchandra
- Malabar Fisheries Co., Calicut v. Commissioner of Income Tax, Kerala
- Ramagya Prasad Gupta & Ors. v. Murli Prasad & Ors .
- K. D. Kamath & Co. v. C.I.T., Bangalore
- Commissioner of Gift Tax Kerala v. Gheevarghese. Travancore Timbers & Products, Kottayam
- Khushal Khemgar Shah & Ors. v. Khorshed Banu Dadiba Boatwalla and Anr.