https://www.taxtmi.com/caselaws?id=13698 The court ruled against the assessee, holding that the Income-tax Appellate Tribunal was incorrect in directing separate assessments for different periods within the same assessment year. The court emphasized that under Section 187 of the Income-tax Act, even if a firm is dissolved and reconstituted with some partners from the old firm, it constitutes a change in the firm's constitution, warranting a single assessment. The court underscored that the Income-tax Act's provisions prevail over the Indian Partnership Act, and dissolution does not negate the application of Section 187. en-us Fri, 16 Dec 2005 00:00:00 +0530 Wed, 01 Jul 2009 16:52:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13698 The court ruled against the assessee, holding that the Income-tax Appellate Tribunal was incorrect in directing separate assessments for different periods within the same assessment year. The court emphasized that under Section 187 of the Income-tax Act, even if a firm is dissolved and reconstituted with some partners from the old firm, it constitutes a change in the firm's constitution, warranting a single assessment. The court underscored that the Income-tax Act's provisions prevail over the Indian Partnership Act, and dissolution does not negate the application of Section 187. Case-Laws Income Tax Fri, 16 Dec 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13698