https://www.taxtmi.com/caselaws?id=64890 The Tribunal held that the retirement of a partner and reconstitution of a partnership firm amounted to dissolution of the old firm, not a mere change in constitution. Section 188 of the Income-tax Act, 1961, regarding succession of one firm by another, was found applicable over Section 187(2) on the change in firm constitution. The Tribunal directed the Income Tax Officer to conduct separate assessments for the periods before and after the dissolution of the old firm, overturning the single assessment made initially. en-us Thu, 08 Feb 1979 00:00:00 +0530 Fri, 11 Feb 2011 10:15:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=64890 The Tribunal held that the retirement of a partner and reconstitution of a partnership firm amounted to dissolution of the old firm, not a mere change in constitution. Section 188 of the Income-tax Act, 1961, regarding succession of one firm by another, was found applicable over Section 187(2) on the change in firm constitution. The Tribunal directed the Income Tax Officer to conduct separate assessments for the periods before and after the dissolution of the old firm, overturning the single assessment made initially. Case-Laws Income Tax Thu, 08 Feb 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=64890