https://www.taxtmi.com/caselaws?id=38062 The court held that when a minor partner attains majority and elects to continue as a partner, there is no change in the firm's constitution under the Income Tax Act. However, the shares of the partners may change. In the case of a partner's death, the firm's constitution changes, but registration can continue if the original partnership agreement allows for substitution and specifies new shares. Registration can be maintained under Section 184(7) of the Income Tax Act if there are no changes in the firm's constitution or partners' shares as per the partnership instrument. Reconstituted firms must be separately assessed for pre and post-reconstitution income to avoid combining old and new firm incomes. en-us Thu, 25 May 1978 00:00:00 +0530 Sat, 03 Apr 2010 09:59:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38062 The court held that when a minor partner attains majority and elects to continue as a partner, there is no change in the firm's constitution under the Income Tax Act. However, the shares of the partners may change. In the case of a partner's death, the firm's constitution changes, but registration can continue if the original partnership agreement allows for substitution and specifies new shares. Registration can be maintained under Section 184(7) of the Income Tax Act if there are no changes in the firm's constitution or partners' shares as per the partnership instrument. Reconstituted firms must be separately assessed for pre and post-reconstitution income to avoid combining old and new firm incomes. Case-Laws Income Tax Thu, 25 May 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38062