https://www.taxtmi.com/caselaws?id=39100 The High Court upheld the Tribunal's decision that the reconstituted partnership firm was a new assessable entity distinct from the old firm. It affirmed the right of the new firm to choose its accounting period and upheld separate assessments for the old and new firm's income. The court ruled in favor of the assessee, granting costs of the reference. en-us Wed, 09 Oct 1974 00:00:00 +0530 Mon, 12 Apr 2010 18:23:11 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39100 The High Court upheld the Tribunal's decision that the reconstituted partnership firm was a new assessable entity distinct from the old firm. It affirmed the right of the new firm to choose its accounting period and upheld separate assessments for the old and new firm's income. The court ruled in favor of the assessee, granting costs of the reference. Case-Laws Income Tax Wed, 09 Oct 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39100