https://www.taxtmi.com/caselaws?id=17086 The High Court ruled that only one assessment was required following a change in the firm's constitution, contrary to the Tribunal's decision for separate assessments due to the death of a partner. The Court held that under the IT Act, only one assessment was necessary if the firm continued after a partner's death. Additionally, the Court upheld the Tribunal's decision on the allowability of weighted deductions under section 35B, emphasizing that expenses need to be wholly and exclusively for export business promotion, regardless of whether they were incurred abroad. en-us Wed, 23 Jul 1997 00:00:00 +0530 Tue, 15 Sep 2009 11:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17086 The High Court ruled that only one assessment was required following a change in the firm's constitution, contrary to the Tribunal's decision for separate assessments due to the death of a partner. The Court held that under the IT Act, only one assessment was necessary if the firm continued after a partner's death. Additionally, the Court upheld the Tribunal's decision on the allowability of weighted deductions under section 35B, emphasizing that expenses need to be wholly and exclusively for export business promotion, regardless of whether they were incurred abroad. Case-Laws Income Tax Wed, 23 Jul 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17086