https://www.taxtmi.com/caselaws?id=38878 The High Court ruled in favor of the assessee, determining that the reconstitution of the partnership firm post the death of a partner constituted a case of succession under section 188 of the Income-tax Act. The Court held that the formation of a new firm after the dissolution of the old one required separate assessments, rejecting the revenue's argument that it was merely a change in the old firm's constitution. The decision aligned with a previous Full Bench ruling, leading to no costs but an assessed counsel's fee of Rs. 200. en-us Mon, 03 Feb 1975 00:00:00 +0530 Sat, 10 Apr 2010 11:24:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=38878 The High Court ruled in favor of the assessee, determining that the reconstitution of the partnership firm post the death of a partner constituted a case of succession under section 188 of the Income-tax Act. The Court held that the formation of a new firm after the dissolution of the old one required separate assessments, rejecting the revenue's argument that it was merely a change in the old firm's constitution. The decision aligned with a previous Full Bench ruling, leading to no costs but an assessed counsel's fee of Rs. 200. Case-Laws Income Tax Mon, 03 Feb 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=38878