https://www.taxtmi.com/caselaws?id=64103 The Tribunal ruled in favor of the assessee, directing the Income Tax Officer to conduct separate assessments for the two distinct periods due to the establishment of a new firm post-dissolution of the original firm. The Tribunal emphasized the differences in partner composition and concluded that the firms were separate entities requiring separate assessments under section 188 of the Income Tax Act, 1961. The appeal was partially allowed, with relief granted to the assessee under section 154. en-us Fri, 21 Nov 1975 00:00:00 +0530 Thu, 03 Feb 2011 18:14:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64103 The Tribunal ruled in favor of the assessee, directing the Income Tax Officer to conduct separate assessments for the two distinct periods due to the establishment of a new firm post-dissolution of the original firm. The Tribunal emphasized the differences in partner composition and concluded that the firms were separate entities requiring separate assessments under section 188 of the Income Tax Act, 1961. The appeal was partially allowed, with relief granted to the assessee under section 154. Case-Laws Income Tax Fri, 21 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64103