https://www.taxtmi.com/caselaws?id=290043 Section 25(4) is applicable where an individual assessee admits partners and the business continues with identity and continuity as a going concern; the Court treated the partnership deed as genuine, accepted that the enterprise assessed was identical to the prior enterprise and that the business had been previously charged, and on those factual findings held there was complete succession so Section 25(4) relief applies. The Revenue's late contention that only part of the old business passed was rejected and did not prevent succession. en-us Wed, 10 Sep 1947 00:00:00 +0530 Mon, 19 Jul 2021 14:17:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=290043 Section 25(4) is applicable where an individual assessee admits partners and the business continues with identity and continuity as a going concern; the Court treated the partnership deed as genuine, accepted that the enterprise assessed was identical to the prior enterprise and that the business had been previously charged, and on those factual findings held there was complete succession so Section 25(4) relief applies. The Revenue's late contention that only part of the old business passed was rejected and did not prevent succession. Case-Laws Income Tax Wed, 10 Sep 1947 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290043