PAMURU VISHNU VINODH REDDY vs CHILLAKURU CHANDRASEKHARA REDDY .

The Supreme Court addressed the issue of determining the relevant date for valuing a partner's share in a partnership firm under the Partnership Act. The Court held that the valuation should be based on the date the partner ceased to be a partner, rather than the date of the valuation by the Commissioner. This decision was made to prevent unjust enrichment of the outgoing partner and to maintain consistency with the principles of retirement and expulsion from the partnership. The appeal was allowed, reversing the High Court's decision.