https://www.taxtmi.com/caselaws?id=28024 The High Court ruled that section 187(2) of the Income-tax Act was not applicable in the case involving the dissolution of a partnership firm due to a partner's death and subsequent formation of a new entity. The Court held that separate assessments were required for the two distinct firms resulting from the dissolution and reconstitution triggered by the partner's death. This decision aligned with interpretations from various High Courts, emphasizing the automatic dissolution of the firm as per the Partnership Act and the need for distinct assessments for the new entities. en-us Mon, 30 Jan 1984 00:00:00 +0530 Wed, 17 Feb 2010 13:59:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28024 The High Court ruled that section 187(2) of the Income-tax Act was not applicable in the case involving the dissolution of a partnership firm due to a partner's death and subsequent formation of a new entity. The Court held that separate assessments were required for the two distinct firms resulting from the dissolution and reconstitution triggered by the partner's death. This decision aligned with interpretations from various High Courts, emphasizing the automatic dissolution of the firm as per the Partnership Act and the need for distinct assessments for the new entities. Case-Laws Income Tax Mon, 30 Jan 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28024