https://www.taxtmi.com/caselaws?id=64172 The case involved determining whether the dissolution and reconstitution of a firm constituted a succession or a change in constitution. The majority opinion concluded that it was a succession, not merely a change in constitution. The dissolution deed and the formation of a new partnership with a different profit-sharing ratio supported this finding. The judgment aligned with the majority legal opinion, requiring two separate assessments for the periods before and after the reconstitution of the firm. The matter was remanded for decision in accordance with the majority view. en-us Wed, 30 Oct 1985 00:00:00 +0530 Sat, 05 Feb 2011 12:18:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64172 The case involved determining whether the dissolution and reconstitution of a firm constituted a succession or a change in constitution. The majority opinion concluded that it was a succession, not merely a change in constitution. The dissolution deed and the formation of a new partnership with a different profit-sharing ratio supported this finding. The judgment aligned with the majority legal opinion, requiring two separate assessments for the periods before and after the reconstitution of the firm. The matter was remanded for decision in accordance with the majority view. Case-Laws Income Tax Wed, 30 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64172