https://www.taxtmi.com/news?id=945 Change in the constitution of a partnership arising from retirement of partners and immediate admission of others, where the same name, business, assets, liabilities and profit shares continue, constitutes a change of constitution rather than a dissolution and reconstitution for assessment purposes; therefore assessment should cover the uninterrupted carrying on of the firm's business as a single period unless statutory exceptions apply. en-us Mon, 20 Jul 2009 02:41:12 +0530 Mon, 20 Jul 2009 02:41:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=945 Change in the constitution of a partnership arising from retirement of partners and immediate admission of others, where the same name, business, assets, liabilities and profit shares continue, constitutes a change of constitution rather than a dissolution and reconstitution for assessment purposes; therefore assessment should cover the uninterrupted carrying on of the firm's business as a single period unless statutory exceptions apply. News - Mon, 20 Jul 2009 02:41:12 +0530 https://www.taxtmi.com/news?id=945