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<h1>Reconstitution of Specified Entity Explained: Changes in Partners or Members Under Section 9B of Income Tax Act 1961</h1> Reconstitution of the Specified Entity, under section 9B of the Income Tax Act 1961, occurs when: (a) one or more partners or members leave the entity; (b) new partners or members join, with existing partners or members continuing; or (c) all partners or members remain, but there is a change in their respective shares.