https://www.taxtmi.com/caselaws?id=221994 The High Court ruled that the assessment of income for a re-constituted partnership firm had to be done for the entire previous year, regardless of the re-constitution date. The court held that the re-constitution of the firm mandated assessment for the full previous year, rejecting the Tribunal's decision to base the assessment on the returns filed by the assessee. The court considered previous judgments but found a subsequent judgment to be more applicable, ultimately ruling against the assessee and in favor of the Department. en-us Tue, 02 Apr 2013 00:00:00 +0530 Tue, 09 Apr 2013 08:10:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=221994 The High Court ruled that the assessment of income for a re-constituted partnership firm had to be done for the entire previous year, regardless of the re-constitution date. The court held that the re-constitution of the firm mandated assessment for the full previous year, rejecting the Tribunal's decision to base the assessment on the returns filed by the assessee. The court considered previous judgments but found a subsequent judgment to be more applicable, ultimately ruling against the assessee and in favor of the Department. Case-Laws Income Tax Tue, 02 Apr 2013 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=221994