https://www.taxtmi.com/caselaws?id=18347 The High Court upheld the Tribunal's decision that in cases of partnership dissolution due to a partner's death, section 188, not section 187, of the Income-tax Act applies. The Court emphasized the retrospective amendment and correct interpretation of the law, directing two separate assessments for the reconstituted firm with new partners. The Income-tax Officer's single assessment was deemed unjustified, and section 188 was held applicable to the assessee. This case clarifies the assessment procedure for partnership changes post-amendment, highlighting the significance of the amended law in determining the appropriate tax treatment in such scenarios. en-us Mon, 16 Aug 1993 00:00:00 +0530 Wed, 30 Sep 2009 12:59:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18347 The High Court upheld the Tribunal's decision that in cases of partnership dissolution due to a partner's death, section 188, not section 187, of the Income-tax Act applies. The Court emphasized the retrospective amendment and correct interpretation of the law, directing two separate assessments for the reconstituted firm with new partners. The Income-tax Officer's single assessment was deemed unjustified, and section 188 was held applicable to the assessee. This case clarifies the assessment procedure for partnership changes post-amendment, highlighting the significance of the amended law in determining the appropriate tax treatment in such scenarios. Case-Laws Income Tax Mon, 16 Aug 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18347