https://www.taxtmi.com/caselaws?id=10365 The court directed the Additional Commissioner to reevaluate the assessment of a partnership firm under the Income-tax Act, 1961, emphasizing the importance of rectifying compliance defects before treating the firm as an association of persons under section 185. The dispute arose from the dissolution of the partnership firm and the formation of a new one, with the court highlighting the need for proper assessment under section 144A rather than invoking section 185. The judgment stressed the necessity of addressing accounting discrepancies and complying with legal procedures before resorting to drastic measures in assessing partnership firms. en-us Tue, 25 Feb 2003 00:00:00 +0530 Tue, 14 Jul 2009 11:52:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=10365 The court directed the Additional Commissioner to reevaluate the assessment of a partnership firm under the Income-tax Act, 1961, emphasizing the importance of rectifying compliance defects before treating the firm as an association of persons under section 185. The dispute arose from the dissolution of the partnership firm and the formation of a new one, with the court highlighting the need for proper assessment under section 144A rather than invoking section 185. The judgment stressed the necessity of addressing accounting discrepancies and complying with legal procedures before resorting to drastic measures in assessing partnership firms. Case-Laws Income Tax Tue, 25 Feb 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=10365