https://www.taxtmi.com/caselaws?id=25782 Where a firm was reconstituted during the accounting year on the death of a partner, the governing principle was that dissolution followed by succession by a firm with one or more common partners amounts only to a change in constitution under section 187(2) of the Income-tax Act, 1961. The income for the period before and after the reconstitution must therefore be aggregated and assessed in a single assessment for the entire accounting year. The contrary view based on earlier authority was rejected in light of the Full Bench ruling, and the direction for two separate assessments was held to be unjustified in law. en-us Wed, 11 Dec 1985 00:00:00 +0530 Sat, 30 Jan 2010 18:00:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25782 Where a firm was reconstituted during the accounting year on the death of a partner, the governing principle was that dissolution followed by succession by a firm with one or more common partners amounts only to a change in constitution under section 187(2) of the Income-tax Act, 1961. The income for the period before and after the reconstitution must therefore be aggregated and assessed in a single assessment for the entire accounting year. The contrary view based on earlier authority was rejected in light of the Full Bench ruling, and the direction for two separate assessments was held to be unjustified in law. Case-Laws Income Tax Wed, 11 Dec 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25782