https://www.taxtmi.com/caselaws?id=17444 On a change in constitution of a registered firm, section 28(1) of the Agricultural Income-tax Act, 1950 permits assessment of the firm as constituted at the time of assessment, but the tax burden must still track the income of the previous year under section 18(5)(a). The Kerala High Court noted that reconstitution, including a change in partners, does not justify fastening liability on partners who did not receive the relevant previous-year income. Tax recovery was therefore confined to the persons who were partners during that year, while section 28(1) was held to apply to reconstituted firms. en-us Mon, 29 Sep 1997 00:00:00 +0530 Tue, 22 Sep 2009 13:54:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17444 On a change in constitution of a registered firm, section 28(1) of the Agricultural Income-tax Act, 1950 permits assessment of the firm as constituted at the time of assessment, but the tax burden must still track the income of the previous year under section 18(5)(a). The Kerala High Court noted that reconstitution, including a change in partners, does not justify fastening liability on partners who did not receive the relevant previous-year income. Tax recovery was therefore confined to the persons who were partners during that year, while section 28(1) was held to apply to reconstituted firms. Case-Laws Income Tax Mon, 29 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17444