https://www.taxtmi.com/caselaws?id=285722 For succession under Section 26(2) of the Indian Income Tax Act, 1922, the same business must continue with a change in the person carrying it on; a later joint venture formed after expiry of earlier labour-supply contracts, without transfer of assets, liabilities, or a going concern, was only a similar business and not a succession. For registration under Section 26-A, the partnership instrument had to specify the individual inter se shares of the partners; external knowledge of those shares was insufficient because the requirement in the deed was treated as mandatory. The succession issue was decided for the assessee, while refusal of registration was upheld for the Revenue. en-us Fri, 18 Dec 1936 00:00:00 +0530 Thu, 23 Jan 2020 14:24:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=285722 For succession under Section 26(2) of the Indian Income Tax Act, 1922, the same business must continue with a change in the person carrying it on; a later joint venture formed after expiry of earlier labour-supply contracts, without transfer of assets, liabilities, or a going concern, was only a similar business and not a succession. For registration under Section 26-A, the partnership instrument had to specify the individual inter se shares of the partners; external knowledge of those shares was insufficient because the requirement in the deed was treated as mandatory. The succession issue was decided for the assessee, while refusal of registration was upheld for the Revenue. Case-Laws Income Tax Fri, 18 Dec 1936 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=285722