https://www.taxtmi.com/caselaws?id=8078 Where a partnership business continues without discontinuance after the death of a partner and the remaining partners execute a fresh deed to carry on the business as a going concern, the matter is treated as a change in the constitution of the firm under section 26(1) of the Indian Income-tax Act, 1922, not as succession under section 26(2). The text states that, on this interpretation, assessment must be made on the firm as constituted at the time of assessment. It further notes that the Supreme Court's construction of section 26 distinguishes a dissolved but continuing business from a true case of succession. en-us Fri, 11 Sep 1970 00:00:00 +0530 Sat, 28 Mar 2009 11:18:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8078 Where a partnership business continues without discontinuance after the death of a partner and the remaining partners execute a fresh deed to carry on the business as a going concern, the matter is treated as a change in the constitution of the firm under section 26(1) of the Indian Income-tax Act, 1922, not as succession under section 26(2). The text states that, on this interpretation, assessment must be made on the firm as constituted at the time of assessment. It further notes that the Supreme Court's construction of section 26 distinguishes a dissolved but continuing business from a true case of succession. Case-Laws Income Tax Fri, 11 Sep 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8078