https://www.taxtmi.com/caselaws?id=17621 Reconstitution of a partnership firm was treated as a continuation of the same entity, not dissolution, where the business and licence remained with the firm and the excise authorities were informed. Mere change in partners, without any transfer or sub-lease of the privilege, did not amount to a prohibited transfer under the excise conditions. On those facts, the firm retained its identity and continued to qualify for assessment as a registered firm for the relevant assessment years. en-us Tue, 23 Jan 1996 00:00:00 +0530 Wed, 23 Sep 2009 16:47:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17621 Reconstitution of a partnership firm was treated as a continuation of the same entity, not dissolution, where the business and licence remained with the firm and the excise authorities were informed. Mere change in partners, without any transfer or sub-lease of the privilege, did not amount to a prohibited transfer under the excise conditions. On those facts, the firm retained its identity and continued to qualify for assessment as a registered firm for the relevant assessment years. Case-Laws Income Tax Tue, 23 Jan 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17621