https://www.taxtmi.com/caselaws?id=25039 An amount received pursuant to an arbitral award on a contract made by the original firm was treated as taxable in the hands of the reconstituted firm because the reconstitution left one continuing partner and the firm was regarded in substance as the same assessee entity under the continuing-firm rule. The taxability therefore followed the firm after reconstitution, and the amount was not assessed separately as belonging to a different entity. en-us Thu, 10 Sep 1987 00:00:00 +0530 Mon, 25 Jan 2010 10:32:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25039 An amount received pursuant to an arbitral award on a contract made by the original firm was treated as taxable in the hands of the reconstituted firm because the reconstitution left one continuing partner and the firm was regarded in substance as the same assessee entity under the continuing-firm rule. The taxability therefore followed the firm after reconstitution, and the amount was not assessed separately as belonging to a different entity. Case-Laws Income Tax Thu, 10 Sep 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25039