https://www.taxtmi.com/caselaws?id=27692 The court determined that in the absence of clear evidence indicating the firm's continuation after a partner's death, the firm should be considered dissolved. The addition of new partners and profit share reallocation indicated the succession of one firm by another. The judgment emphasized the importance of analyzing partnership deeds and partners' intentions to establish firm continuity. The decision aligned with Section 187 of the Income Tax Act, 1961, requiring separate assessments for successor firms. The court underscored the necessity of factual evidence to distinguish between a change in firm constitution and firm succession, ensuring adherence to legal principles and partnership laws. en-us Tue, 04 Oct 1983 00:00:00 +0530 Mon, 15 Feb 2010 14:01:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27692 The court determined that in the absence of clear evidence indicating the firm's continuation after a partner's death, the firm should be considered dissolved. The addition of new partners and profit share reallocation indicated the succession of one firm by another. The judgment emphasized the importance of analyzing partnership deeds and partners' intentions to establish firm continuity. The decision aligned with Section 187 of the Income Tax Act, 1961, requiring separate assessments for successor firms. The court underscored the necessity of factual evidence to distinguish between a change in firm constitution and firm succession, ensuring adherence to legal principles and partnership laws. Case-Laws Income Tax Tue, 04 Oct 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27692