Dissolution of two partner firm on death: separate tax assessments required for pre and post death periods under assessment law. Where a two partner firm is involved, the firm is ipso facto dissolved on the death of one partner; if the surviving partner continues business in ... Summary
Dissolution of two partner firm on death: separate tax assessments required for pre and post death periods under assessment law.
Where a two partner firm is involved, the firm is ipso facto dissolved on the death of one partner; if the surviving partner continues business in partnership with others the apportionment provision for composite assessment does not apply and two separate income tax assessment orders must be framed for the pre death and post death periods.
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