https://www.taxtmi.com/caselaws?id=100477 A dissolved partnership ceases to exist as a taxable entity, so assessment orders passed against it after dissolution were void in the absence of an express statutory provision authorising assessment of a dissolved firm. The Court held that the same principle applies whether the assessment proceedings began before or after dissolution, unless the statute provides otherwise, and the orders were rightly quashed. The earlier writ petition filed by one partner did not operate as res judicata against another partner, because res judicata binds only parties and privies, and no subsisting agency or derivation of title was shown after dissolution. The challenge to the assessments therefore succeeded. en-us Wed, 12 Apr 1967 00:00:00 +0530 Fri, 20 Sep 2013 13:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=100477 A dissolved partnership ceases to exist as a taxable entity, so assessment orders passed against it after dissolution were void in the absence of an express statutory provision authorising assessment of a dissolved firm. The Court held that the same principle applies whether the assessment proceedings began before or after dissolution, unless the statute provides otherwise, and the orders were rightly quashed. The earlier writ petition filed by one partner did not operate as res judicata against another partner, because res judicata binds only parties and privies, and no subsisting agency or derivation of title was shown after dissolution. The challenge to the assessments therefore succeeded. Case-Laws VAT and Sales Tax Wed, 12 Apr 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=100477