https://www.taxtmi.com/caselaws?id=23372 On the death of a partner during the relevant accounting period, and in the absence of any contract to the contrary, the firm stood dissolved under section 42(c) of the Partnership Act. The matter was therefore treated as a succession governed by section 188 of the Income-tax Act, 1961, rather than a mere change in the constitution of the firm under section 187(2). The proviso inserted in section 187(2) by the Taxation Laws (Amendment) Act, 1984, with effect from 1 April 1975, was noted in relation to the assessment year 1975-76. Two separate assessments were accordingly required for the two periods, and the Tribunal's view was upheld. en-us Wed, 04 May 1988 00:00:00 +0530 Fri, 18 Dec 2009 17:02:44 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23372 On the death of a partner during the relevant accounting period, and in the absence of any contract to the contrary, the firm stood dissolved under section 42(c) of the Partnership Act. The matter was therefore treated as a succession governed by section 188 of the Income-tax Act, 1961, rather than a mere change in the constitution of the firm under section 187(2). The proviso inserted in section 187(2) by the Taxation Laws (Amendment) Act, 1984, with effect from 1 April 1975, was noted in relation to the assessment year 1975-76. Two separate assessments were accordingly required for the two periods, and the Tribunal's view was upheld. Case-Laws Income Tax Wed, 04 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23372