https://www.taxtmi.com/caselaws?id=18193 Retirement of one partner and execution of a fresh partnership deed did not dissolve the firm where the business continued with the remaining and new partners; the arrangement amounted to reconstitution. On that basis, the accounting period was not split into two separate assessments. The text also notes that the Income-tax Act, as a special law, prevails over the general principles of the Partnership Act in this context. en-us Thu, 04 Apr 1996 00:00:00 +0530 Tue, 29 Sep 2009 13:52:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18193 Retirement of one partner and execution of a fresh partnership deed did not dissolve the firm where the business continued with the remaining and new partners; the arrangement amounted to reconstitution. On that basis, the accounting period was not split into two separate assessments. The text also notes that the Income-tax Act, as a special law, prevails over the general principles of the Partnership Act in this context. Case-Laws Income Tax Thu, 04 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18193