https://www.taxtmi.com/caselaws?id=16889 The High Court of ALLAHABAD interpreted sections 188 and 187 of the Income-tax Act, 1961 in a case involving the dissolution and reconstitution of a partnership firm due to the death of a partner. The court held that upon the death of a partner, the first partnership dissolved, and the subsequent formation of a new partnership required assessment under section 188. It was determined that the income of the two periods should be separately assessed, rejecting the Revenue's arguments in favor of the assessee. en-us Wed, 03 Dec 1997 00:00:00 +0530 Sat, 12 Sep 2009 17:50:43 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16889 The High Court of ALLAHABAD interpreted sections 188 and 187 of the Income-tax Act, 1961 in a case involving the dissolution and reconstitution of a partnership firm due to the death of a partner. The court held that upon the death of a partner, the first partnership dissolved, and the subsequent formation of a new partnership required assessment under section 188. It was determined that the income of the two periods should be separately assessed, rejecting the Revenue's arguments in favor of the assessee. Case-Laws Income Tax Wed, 03 Dec 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16889