https://www.taxtmi.com/caselaws?id=24670 A partnership deed can contract out of dissolution on the death of a partner, and if the business continues with the surviving partners and the deceased partner's heir, the firm is treated as reconstituted rather than succeeded by a new firm. On that basis, the situation falls within section 187(2) of the Income-tax Act, 1961 as a mere change in the constitution of the firm, so only one assessment is required for the entire period and separate broken-period assessments are not justified. en-us Wed, 25 May 1988 00:00:00 +0530 Thu, 21 Jan 2010 16:02:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=24670 A partnership deed can contract out of dissolution on the death of a partner, and if the business continues with the surviving partners and the deceased partner's heir, the firm is treated as reconstituted rather than succeeded by a new firm. On that basis, the situation falls within section 187(2) of the Income-tax Act, 1961 as a mere change in the constitution of the firm, so only one assessment is required for the entire period and separate broken-period assessments are not justified. Case-Laws Income Tax Wed, 25 May 1988 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=24670