https://www.taxtmi.com/caselaws?id=28787 The court addressed the interpretation of sections 187 and 188 of the Income Tax Act, 1961 concerning the assessment of a firm's income under different partnerships. In this case, the Tribunal determined that the scenario involving the dissolution of a firm due to a partner's death and the subsequent formation of a new firm constituted a succession rather than a change in constitution. The court, noting conflicting views, referred the matter to the Income-tax Tribunal to clarify the legal interpretation, aiming to align the High Court's understanding with prevailing legal principles. No costs were awarded due to the respondent's absence. en-us Fri, 28 May 1982 00:00:00 +0530 Thu, 25 Feb 2010 16:13:36 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28787 The court addressed the interpretation of sections 187 and 188 of the Income Tax Act, 1961 concerning the assessment of a firm's income under different partnerships. In this case, the Tribunal determined that the scenario involving the dissolution of a firm due to a partner's death and the subsequent formation of a new firm constituted a succession rather than a change in constitution. The court, noting conflicting views, referred the matter to the Income-tax Tribunal to clarify the legal interpretation, aiming to align the High Court's understanding with prevailing legal principles. No costs were awarded due to the respondent's absence. Case-Laws Income Tax Fri, 28 May 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28787