https://www.taxtmi.com/caselaws?id=11033 The court ruled in favor of the assessee, determining that the case fell under Section 188 of the Income-tax Act. It required separate assessments for periods before and after the retirement of partners, as the retirement of two partners resulted in the automatic dissolution of the original firm and the formation of a new firm, constituting a succession under Section 188. The judgment highlighted the significance of applying partnership law principles and specific provisions of the Income-tax Act in assessing partnership changes. en-us Mon, 01 Sep 2003 00:00:00 +0530 Thu, 30 Jul 2009 09:04:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11033 The court ruled in favor of the assessee, determining that the case fell under Section 188 of the Income-tax Act. It required separate assessments for periods before and after the retirement of partners, as the retirement of two partners resulted in the automatic dissolution of the original firm and the formation of a new firm, constituting a succession under Section 188. The judgment highlighted the significance of applying partnership law principles and specific provisions of the Income-tax Act in assessing partnership changes. Case-Laws Income Tax Mon, 01 Sep 2003 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11033