https://www.taxtmi.com/caselaws?id=14827 Where a partnership deed does not contain a clause preserving the firm on the death of a partner, the firm dissolves by operation of law under section 42 of the Partnership Act. The later business arrangement is treated as a fresh firm or succession, not a mere reconstitution within section 187(2) of the Income-tax Act, 1961. On that basis, a single assessment for both accounting periods was not justified and separate assessments were required for the dissolved firm and the new firm, with the issue resolved in favour of the assessee. en-us Wed, 08 Dec 1999 00:00:00 +0530 Thu, 23 Jul 2009 15:24:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=14827 Where a partnership deed does not contain a clause preserving the firm on the death of a partner, the firm dissolves by operation of law under section 42 of the Partnership Act. The later business arrangement is treated as a fresh firm or succession, not a mere reconstitution within section 187(2) of the Income-tax Act, 1961. On that basis, a single assessment for both accounting periods was not justified and separate assessments were required for the dissolved firm and the new firm, with the issue resolved in favour of the assessee. Case-Laws Income Tax Wed, 08 Dec 1999 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=14827