https://www.taxtmi.com/caselaws?id=20154 The court held that despite the dissolution of the partnership firm, the amount received after the dissolution was assessable in the firm's hands for the assessment year 1976-77. This decision was based on the Income-tax Act provisions allowing assessment of dissolved firms and deeming post-dissolution receipts as taxable income. Citing precedent emphasizing tax assessment continuity, the court ruled in favor of the Revenue, rejecting the motion as infructuous. en-us Tue, 08 Mar 1994 00:00:00 +0530 Thu, 12 Nov 2009 11:30:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=20154 The court held that despite the dissolution of the partnership firm, the amount received after the dissolution was assessable in the firm's hands for the assessment year 1976-77. This decision was based on the Income-tax Act provisions allowing assessment of dissolved firms and deeming post-dissolution receipts as taxable income. Citing precedent emphasizing tax assessment continuity, the court ruled in favor of the Revenue, rejecting the motion as infructuous. Case-Laws Income Tax Tue, 08 Mar 1994 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=20154