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Introducing the “In Favour Of” filter in Case Laws.
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of <h1>Clause 327: Changes in Firm Constitution Impact Tax Assessment; Partners Leaving, Joining, or Share Changes Considered.</h1> Clause 327 of the Income Tax Bill, 2025, addresses changes in the constitution of a firm. When assessing a firm under sections 270 or 271, the assessment is based on the firm's constitution at that time. A change in constitution occurs if one or more partners leave, new partners join while at least one original partner remains, or if there is a change in partners' shares. The rule excluding changes due to the death of a partner does not apply if the firm dissolves as a result.
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