https://www.taxtmi.com/caselaws?id=27164 The High Court upheld the Tribunal's decision directing the Income-tax Officer to pass two separate assessment orders for a firm due to the dissolution on the death of a partner and the subsequent formation of a new firm. The Court relied on the amended provision of section 187(2) of the Income-tax Act, effective from April 1, 1975, clarifying the automatic dissolution of a firm in such circumstances. It affirmed the necessity for distinct assessments for the periods before and after the firm's reconstitution, dismissing the Revenue's appeal and emphasizing compliance with legal provisions under the Income-tax Act. en-us Mon, 29 Jul 1985 00:00:00 +0530 Thu, 11 Feb 2010 12:22:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27164 The High Court upheld the Tribunal's decision directing the Income-tax Officer to pass two separate assessment orders for a firm due to the dissolution on the death of a partner and the subsequent formation of a new firm. The Court relied on the amended provision of section 187(2) of the Income-tax Act, effective from April 1, 1975, clarifying the automatic dissolution of a firm in such circumstances. It affirmed the necessity for distinct assessments for the periods before and after the firm's reconstitution, dismissing the Revenue's appeal and emphasizing compliance with legal provisions under the Income-tax Act. Case-Laws Income Tax Mon, 29 Jul 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27164