https://www.taxtmi.com/caselaws?id=37030 The court concluded that in the case of a change in the constitution of a partnership firm during an accounting year, Section 187(1) of the Income-tax Act requires a single assessment on the reconstituted firm for the entire year, not separate assessments for the periods before and after reconstitution. The Tribunal's decision to uphold the Income-tax Officer's single assessment for the period from April 1, 1970, to March 31, 1971, was justified. The assessee was ordered to pay the costs of the revenue, with an advocate's fee of Rs. 250. en-us Fri, 03 Aug 1979 00:00:00 +0530 Fri, 26 Mar 2010 10:49:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37030 The court concluded that in the case of a change in the constitution of a partnership firm during an accounting year, Section 187(1) of the Income-tax Act requires a single assessment on the reconstituted firm for the entire year, not separate assessments for the periods before and after reconstitution. The Tribunal's decision to uphold the Income-tax Officer's single assessment for the period from April 1, 1970, to March 31, 1971, was justified. The assessee was ordered to pay the costs of the revenue, with an advocate's fee of Rs. 250. Case-Laws Income Tax Fri, 03 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37030