https://www.taxtmi.com/caselaws?id=25158 Where a firm is found to have undergone only a change in constitution under section 187(2) of the Income-tax Act, 1961, the income for the relevant previous year must be assessed as one unit. Section 188 applies only when section 187 is inapplicable, so a mere change in constitution does not permit fragmentation into separate pre-change and post-change assessments. The direction to make two separate assessments was therefore not sustainable. en-us Tue, 28 Jul 1987 00:00:00 +0530 Mon, 25 Jan 2010 16:58:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25158 Where a firm is found to have undergone only a change in constitution under section 187(2) of the Income-tax Act, 1961, the income for the relevant previous year must be assessed as one unit. Section 188 applies only when section 187 is inapplicable, so a mere change in constitution does not permit fragmentation into separate pre-change and post-change assessments. The direction to make two separate assessments was therefore not sustainable. Case-Laws Income Tax Tue, 28 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25158