https://www.taxtmi.com/caselaws?id=25216 The Appellate Tribunal upheld the inclusion of the deceased partner's share in the estate valuation of a partnership firm, rejecting the argument that the share could not pass on death due to a partnership deed clause. The Tribunal emphasized the provision for continuing the partnership after a partner's death and ruled in favor of the Revenue, against the accountable persons, based on the arguments presented during the proceedings. The correct method of valuation was not followed by the Assistant Controller, but the Appellate Controller's reasoning was not challenged in the second appeal. en-us Tue, 13 Oct 1987 00:00:00 +0530 Wed, 27 Jan 2010 12:12:40 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25216 The Appellate Tribunal upheld the inclusion of the deceased partner's share in the estate valuation of a partnership firm, rejecting the argument that the share could not pass on death due to a partnership deed clause. The Tribunal emphasized the provision for continuing the partnership after a partner's death and ruled in favor of the Revenue, against the accountable persons, based on the arguments presented during the proceedings. The correct method of valuation was not followed by the Assistant Controller, but the Appellate Controller's reasoning was not challenged in the second appeal. Case-Laws Income Tax Tue, 13 Oct 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25216