https://www.taxtmi.com/caselaws?id=67126 The Tribunal allowed one appeal and dismissed the other in interconnected cases concerning assessment orders for 1980-81 and 1981-82. The High Courts differed on applying general partnership law principles to section 187 of the IT Act. The Supreme Court clarified that section 187 should align with the Partnership Act, 1932. The Tribunal found a new firm formation rather than a mere change, leading to unsustainable assessment views for 1980-81. Registration for the new firm was deemed appropriate for 1981-82, emphasizing correct interpretation of relevant provisions. en-us Thu, 04 May 1989 00:00:00 +0530 Wed, 09 Mar 2011 12:04:23 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=67126 The Tribunal allowed one appeal and dismissed the other in interconnected cases concerning assessment orders for 1980-81 and 1981-82. The High Courts differed on applying general partnership law principles to section 187 of the IT Act. The Supreme Court clarified that section 187 should align with the Partnership Act, 1932. The Tribunal found a new firm formation rather than a mere change, leading to unsustainable assessment views for 1980-81. Registration for the new firm was deemed appropriate for 1981-82, emphasizing correct interpretation of relevant provisions. Case-Laws Income Tax Thu, 04 May 1989 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=67126