https://www.taxtmi.com/forum/issue?id=5565 Formation of a new firm by the same partners with similar objects is generally permissible, but may attract scrutiny and regulatory consequences if undertaken with an ulterior motive to evade tax exemption limits such as excise or service tax; absent such motive there is no inherent legal hardship in creating another partnership. en-us Fri, 12 Apr 2013 18:26:57 +0530 Thu, 23 Jan 2025 15:57:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=5565 Formation of a new firm by the same partners with similar objects is generally permissible, but may attract scrutiny and regulatory consequences if undertaken with an ulterior motive to evade tax exemption limits such as excise or service tax; absent such motive there is no inherent legal hardship in creating another partnership. Discussion-Forum Indian Laws Fri, 12 Apr 2013 18:26:57 +0530 https://www.taxtmi.com/forum/issue?id=5565