https://www.taxtmi.com/caselaws?id=9452 The High Court upheld the Tribunal's decision to conduct two separate assessments for a partnership firm following changes in its constitution. The court emphasized the new partnership deed's terms and the alteration in the accounting period, concluding that the assessments should be distinct due to the lack of connection between the old and new partnerships. The Revenue's reliance on section 187(2) was dismissed as the Tribunal's factual findings were unchallenged. Consequently, the court ruled in favor of the assessee, affirming the need for separate assessments. en-us Wed, 23 Nov 2005 00:00:00 +0530 Tue, 23 Jun 2009 10:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9452 The High Court upheld the Tribunal's decision to conduct two separate assessments for a partnership firm following changes in its constitution. The court emphasized the new partnership deed's terms and the alteration in the accounting period, concluding that the assessments should be distinct due to the lack of connection between the old and new partnerships. The Revenue's reliance on section 187(2) was dismissed as the Tribunal's factual findings were unchallenged. Consequently, the court ruled in favor of the assessee, affirming the need for separate assessments. Case-Laws Income Tax Wed, 23 Nov 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9452