https://www.taxtmi.com/caselaws?id=64145 The Tribunal dismissed the appeal, upholding the CIT (Appeals) Meerut's decision to conduct separate assessments for a partnership firm that underwent a change in its constitution. The Tribunal clarified that the income of the old firm cannot be clubbed with the income of the reconstituted firm for assessment purposes, in line with the Full Bench decision of the Allahabad High Court. Separate assessment orders were deemed necessary for each period, affirming the distinct nature of the old and reconstituted firms. en-us Mon, 29 Jun 1981 00:00:00 +0530 Sat, 05 Feb 2011 10:57:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64145 The Tribunal dismissed the appeal, upholding the CIT (Appeals) Meerut's decision to conduct separate assessments for a partnership firm that underwent a change in its constitution. The Tribunal clarified that the income of the old firm cannot be clubbed with the income of the reconstituted firm for assessment purposes, in line with the Full Bench decision of the Allahabad High Court. Separate assessment orders were deemed necessary for each period, affirming the distinct nature of the old and reconstituted firms. Case-Laws Income Tax Mon, 29 Jun 1981 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64145