https://www.taxtmi.com/caselaws?id=24669 The High Court ruled in favor of the Revenue, determining that the case involving Sri Krishna Re-rolling Mills was a mere change in the firm's constitution under section 187(2) of the Income-tax Act. The Court rejected the claim of succession under section 188, emphasizing the importance of contractual agreements in deciding the dissolution of a partnership. The decision highlighted that the partnership deed explicitly stated the firm's continuation upon the death of a partner, leading to the conclusion that the firm did not dissolve automatically upon the partners' deaths. en-us Thu, 05 May 1988 00:00:00 +0530 Thu, 21 Jan 2010 15:59:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24669 The High Court ruled in favor of the Revenue, determining that the case involving Sri Krishna Re-rolling Mills was a mere change in the firm's constitution under section 187(2) of the Income-tax Act. The Court rejected the claim of succession under section 188, emphasizing the importance of contractual agreements in deciding the dissolution of a partnership. The decision highlighted that the partnership deed explicitly stated the firm's continuation upon the death of a partner, leading to the conclusion that the firm did not dissolve automatically upon the partners' deaths. Case-Laws Income Tax Thu, 05 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24669