https://www.taxtmi.com/caselaws?id=8870 The case involved a partnership firm with a change in constitution, leading to a dispute over whether one assessment or separate assessments were required. The Income-tax Appellate Tribunal, supported by the High Court, ruled that only one assessment was necessary for the entire assessment year. The decision was based on the interpretation of sections 187 and 188 of the Income-tax Act, which specify that separate assessments are mandated only in cases of one firm succeeding another, not in instances of a change in firm constitution covered under section 187. The Court upheld the Tribunal's decision, emphasizing assessments should align with the firm's constitution at the time of assessment. en-us Tue, 07 Aug 1973 00:00:00 +0530 Tue, 16 Jun 2009 13:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8870 The case involved a partnership firm with a change in constitution, leading to a dispute over whether one assessment or separate assessments were required. The Income-tax Appellate Tribunal, supported by the High Court, ruled that only one assessment was necessary for the entire assessment year. The decision was based on the interpretation of sections 187 and 188 of the Income-tax Act, which specify that separate assessments are mandated only in cases of one firm succeeding another, not in instances of a change in firm constitution covered under section 187. The Court upheld the Tribunal's decision, emphasizing assessments should align with the firm's constitution at the time of assessment. Case-Laws Income Tax Tue, 07 Aug 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8870