Change in constitution of a firm affects assessment: assess the firm as constituted at the time of assessment, reflecting partner changes. Assessments must be made on the firm as constituted at the time of assessment; a constitution change includes partner cessation or admission (if at least one original partner remains) and changes in partners' shares, but not dissolution caused by a partner's death.
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Provisions expressly mentioned in the judgment/order text.
Change in constitution of a firm affects assessment: assess the firm as constituted at the time of assessment, reflecting partner changes.
Assessments must be made on the firm as constituted at the time of assessment; a constitution change includes partner cessation or admission (if at least one original partner remains) and changes in partners' shares, but not dissolution caused by a partner's death.
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