https://www.taxtmi.com/caselaws?id=196305 Section 25(4) relief under the Income-tax Act, 1922 depends on a succession to a business and continuity of that business up to the point of succession. The Madras High Court noted that contract work can qualify as a recognised business and that continuity was not broken by the earlier death of a partner, where the family business continued and the 1942 arrangement showed the partnership took over the entire contract business previously carried on by the family. On those facts, the assessee was held entitled to relief under section 25(4). en-us Mon, 22 Feb 1960 00:00:00 +0530 Sat, 25 Nov 2017 12:52:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=196305 Section 25(4) relief under the Income-tax Act, 1922 depends on a succession to a business and continuity of that business up to the point of succession. The Madras High Court noted that contract work can qualify as a recognised business and that continuity was not broken by the earlier death of a partner, where the family business continued and the 1942 arrangement showed the partnership took over the entire contract business previously carried on by the family. On those facts, the assessee was held entitled to relief under section 25(4). Case-Laws Income Tax Mon, 22 Feb 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=196305