https://www.taxtmi.com/caselaws?id=290043 Section 25(4) applied where the Tribunal found that the admitted partnership was genuine, the business had earlier been charged under the Income-tax Act, 1918, and the successor business was identical with the business carried on in 1926. On those binding factual findings, the statutory condition of succession to a previously assessed business was satisfied, and objections based on alleged lack of complete succession or change in identity were rejected. The assessee was therefore entitled to relief under Section 25(4), and the reference was answered in its favour with costs. 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) applied where the Tribunal found that the admitted partnership was genuine, the business had earlier been charged under the Income-tax Act, 1918, and the successor business was identical with the business carried on in 1926. On those binding factual findings, the statutory condition of succession to a previously assessed business was satisfied, and objections based on alleged lack of complete succession or change in identity were rejected. The assessee was therefore entitled to relief under Section 25(4), and the reference was answered in its favour with costs. Case-Laws Income Tax Wed, 10 Sep 1947 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=290043