https://www.taxtmi.com/caselaws?id=11672 Where partners of the earlier firm continued in the successor firm, the statutory test in section 187(2)(a) was satisfied and the matter was treated as a change in constitution rather than a dissolution and succession under section 188. Although the firm was dissolved in partnership law terms and a new firm came into existence, income-tax treatment depended on continuity of partners, and two partners remained common between the old and new firms. The proviso to section 187(2)(a) did not apply, only one assessment was required, and the questions were answered in favour of the Revenue. en-us Wed, 11 Dec 2002 00:00:00 +0530 Fri, 05 Feb 2010 18:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=11672 Where partners of the earlier firm continued in the successor firm, the statutory test in section 187(2)(a) was satisfied and the matter was treated as a change in constitution rather than a dissolution and succession under section 188. Although the firm was dissolved in partnership law terms and a new firm came into existence, income-tax treatment depended on continuity of partners, and two partners remained common between the old and new firms. The proviso to section 187(2)(a) did not apply, only one assessment was required, and the questions were answered in favour of the Revenue. Case-Laws Income Tax Wed, 11 Dec 2002 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=11672