https://www.taxtmi.com/caselaws?id=8413 Relief under section 25(4) of the Income-tax Act, 1922 was unavailable because the business continued without dissolution and the partnership changes only reconstituted the firm. The addition of partners and redefinition of shares altered the constitution of the partnership, but did not amount to a succession to a different business entity. The statutory conditions required a business carried on on 1 April 1939, succession by another person, and a succession that was not merely a change in constitution. Those conditions were not met, so the claimed relief failed. en-us Mon, 21 Dec 1970 00:00:00 +0530 Wed, 15 Apr 2009 09:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8413 Relief under section 25(4) of the Income-tax Act, 1922 was unavailable because the business continued without dissolution and the partnership changes only reconstituted the firm. The addition of partners and redefinition of shares altered the constitution of the partnership, but did not amount to a succession to a different business entity. The statutory conditions required a business carried on on 1 April 1939, succession by another person, and a succession that was not merely a change in constitution. Those conditions were not met, so the claimed relief failed. Case-Laws Income Tax Mon, 21 Dec 1970 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8413