https://www.taxtmi.com/caselaws?id=38025 On the death of a partner, a firm is treated as dissolved in law unless there is an express stipulation that it will continue. Where the surrounding conduct also shows dissolution, the post-dissolution business is treated as succession by a new firm rather than a mere change in the constitution of the existing firm. The pre- and post-dissolution periods cannot be clubbed into one composite assessment. The governing provision is section 188 of the Income-tax Act, 1961, not section 187(2), so separate assessments are required for the two periods. en-us Wed, 22 Mar 1978 00:00:00 +0530 Fri, 02 Apr 2010 15:54:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38025 On the death of a partner, a firm is treated as dissolved in law unless there is an express stipulation that it will continue. Where the surrounding conduct also shows dissolution, the post-dissolution business is treated as succession by a new firm rather than a mere change in the constitution of the existing firm. The pre- and post-dissolution periods cannot be clubbed into one composite assessment. The governing provision is section 188 of the Income-tax Act, 1961, not section 187(2), so separate assessments are required for the two periods. Case-Laws Income Tax Wed, 22 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38025