https://www.taxtmi.com/caselaws?id=20082 A written arrangement describing one partner as retiring and the others as continuing partners supported continuity of the firm rather than dissolution by conduct. The surrounding clauses showed that the continuing partners retained their inter se rights and liabilities and carried on the business with the assets that remained with them. A brief absence of closing stock or trading transactions was insufficient, by itself, to prove dissolution where the document did not support that inference. The finding of dissolution was therefore unsustainable, and a single assessment for the entire period under section 187 was correct rather than separate assessments under section 188. en-us Mon, 17 Jan 1994 00:00:00 +0530 Wed, 11 Nov 2009 15:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20082 A written arrangement describing one partner as retiring and the others as continuing partners supported continuity of the firm rather than dissolution by conduct. The surrounding clauses showed that the continuing partners retained their inter se rights and liabilities and carried on the business with the assets that remained with them. A brief absence of closing stock or trading transactions was insufficient, by itself, to prove dissolution where the document did not support that inference. The finding of dissolution was therefore unsustainable, and a single assessment for the entire period under section 187 was correct rather than separate assessments under section 188. Case-Laws Income Tax Mon, 17 Jan 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20082