https://www.taxtmi.com/caselaws?id=39272 A deceased partner's share of profits was held not to accrue before the accounting date where the partnership deed required accounts to be closed on Divali and profits could be ascertained only then. Because the death of a partner did not itself dissolve the firm, the share became payable only after accounts were made up, so no income had accrued to the partner during his lifetime. Section 24B of the Indian Income-tax Act, 1922, was treated as a machinery provision for assessment and recovery from a deceased person's estate, and its legal fiction could not be extended to deem as income an amount that had never accrued at all. en-us Tue, 13 Aug 1974 00:00:00 +0530 Wed, 14 Apr 2010 12:40:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39272 A deceased partner's share of profits was held not to accrue before the accounting date where the partnership deed required accounts to be closed on Divali and profits could be ascertained only then. Because the death of a partner did not itself dissolve the firm, the share became payable only after accounts were made up, so no income had accrued to the partner during his lifetime. Section 24B of the Indian Income-tax Act, 1922, was treated as a machinery provision for assessment and recovery from a deceased person's estate, and its legal fiction could not be extended to deem as income an amount that had never accrued at all. Case-Laws Income Tax Tue, 13 Aug 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39272