https://www.taxtmi.com/caselaws?id=280657 The court held that the assessee firm was entitled to the benefit of Section 25(4) of the Indian Income-tax Act only for the period from April 1, 1946, to May 13, 1946, due to a change in ownership resulting from Kotaiah's death. The court determined that the date of succession was May 13, 1946, and upheld the validity of the certificate issued under Section 46(2), dismissing the petitioner's argument. The court ruled in favor of the tax department, denying the petitioner's claim for exemption beyond the specified period and rejecting the writ petition. en-us Thu, 10 Aug 1961 00:00:00 +0530 Wed, 15 May 2019 16:54:38 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=280657 The court held that the assessee firm was entitled to the benefit of Section 25(4) of the Indian Income-tax Act only for the period from April 1, 1946, to May 13, 1946, due to a change in ownership resulting from Kotaiah's death. The court determined that the date of succession was May 13, 1946, and upheld the validity of the certificate issued under Section 46(2), dismissing the petitioner's argument. The court ruled in favor of the tax department, denying the petitioner's claim for exemption beyond the specified period and rejecting the writ petition. Case-Laws Income Tax Thu, 10 Aug 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=280657