https://www.taxtmi.com/caselaws?id=28202 The court clarified that Section 187 of the Income-tax Act, 1961, encompasses scenarios akin to dissolution under general law, if the reconstituted firm with at least one old partner continues the business. Assessments under Section 187 were upheld in various cases, emphasizing the Act's precedence over general partnership law. The court affirmed that changes in firm constitution trigger single assessments for entire accounting periods, rejecting the need for separate assessments in such instances. en-us Mon, 05 Sep 1983 00:00:00 +0530 Mon, 11 Apr 2016 14:32:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28202 The court clarified that Section 187 of the Income-tax Act, 1961, encompasses scenarios akin to dissolution under general law, if the reconstituted firm with at least one old partner continues the business. Assessments under Section 187 were upheld in various cases, emphasizing the Act's precedence over general partnership law. The court affirmed that changes in firm constitution trigger single assessments for entire accounting periods, rejecting the need for separate assessments in such instances. Case-Laws Income Tax Mon, 05 Sep 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28202