Firm Re-constitution: Entire Previous Year Must Be Assessed, Date of Change Irrelevant, Per Income Tax Case Law.

Firm Re-constitution: Entire Previous Year Must Be Assessed, Date of Change Irrelevant, Per Income Tax Case Law. https://www.taxtmi.com/highlights?id=7363 Assessment of firm - In case of re-constitution of the firm, the assessment has to be made in respect of entire previous year, irrespective of the fact that the firm was re-constituted on 20.10.1977 - HC en-us Tue, 09 Apr 2013 08:16:20 +0530 Tue, 09 Apr 2013 08:16:20 +0530 TaxTMI RSS Generator Firm Re-constitution: Entire Previous Year Must Be Assessed, Date of Change Irrelevant, Per Income Tax Case Law. https://www.taxtmi.com/highlights?id=7363 Assessment of firm - In case of re-constitution of the firm, the assessment has to be made in respect of entire previous year, irrespective of the fact that the firm was re-constituted on 20.10.1977 - HC Highlights Income Tax Tue, 09 Apr 2013 08:16:20 +0530 https://www.taxtmi.com/highlights?id=7363