https://www.taxtmi.com/caselaws?id=17589 The Tribunal held that the subsequent partnership formed after the death of a partner constituted a new firm rather than a continuation of the original firm, following the provisions of section 187 of the Income-tax Act. This decision, supported by the case law of Addl. CIT v. Vinayaka Cinema, emphasized the need for separate assessments before and after the partner's death. The judgment clarified the assessment procedure under section 188 for cases where one firm succeeds another, ultimately ruling in favor of the assessee for separate assessments of the relevant periods. en-us Wed, 28 Aug 1996 00:00:00 +0530 Wed, 23 Sep 2009 15:15:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17589 The Tribunal held that the subsequent partnership formed after the death of a partner constituted a new firm rather than a continuation of the original firm, following the provisions of section 187 of the Income-tax Act. This decision, supported by the case law of Addl. CIT v. Vinayaka Cinema, emphasized the need for separate assessments before and after the partner's death. The judgment clarified the assessment procedure under section 188 for cases where one firm succeeds another, ultimately ruling in favor of the assessee for separate assessments of the relevant periods. Case-Laws Income Tax Wed, 28 Aug 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17589