https://www.taxtmi.com/caselaws?id=25986 The High Court ruled in favor of the assessee, finding that the situation constituted succession and the formation of a new firm rather than a mere change in the firm's constitution. Separate assessments for the original and new firms were deemed necessary, and messing expenses were not classified as entertainment expenses as determined by the Tribunal. Each party was directed to bear their own costs in the case. en-us Tue, 29 Oct 1985 00:00:00 +0530 Tue, 02 Feb 2010 11:23:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25986 The High Court ruled in favor of the assessee, finding that the situation constituted succession and the formation of a new firm rather than a mere change in the firm's constitution. Separate assessments for the original and new firms were deemed necessary, and messing expenses were not classified as entertainment expenses as determined by the Tribunal. Each party was directed to bear their own costs in the case. Case-Laws Income Tax Tue, 29 Oct 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25986