https://www.taxtmi.com/caselaws?id=39439 A two-partner firm that dissolved on the death of a partner and was replaced by a fresh partnership carrying on the same business was treated as a case of succession, not mere reconstitution. Section 187 applies only where the firm continues and only its constitution changes; once dissolution occurs, section 188 governs. The predecessor and successor firms are separate assessable entities, so their incomes cannot be clubbed in one assessment. The assessment and revisional orders were therefore quashed. en-us Mon, 16 Sep 1974 00:00:00 +0530 Fri, 16 Jan 2026 15:42:20 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39439 A two-partner firm that dissolved on the death of a partner and was replaced by a fresh partnership carrying on the same business was treated as a case of succession, not mere reconstitution. Section 187 applies only where the firm continues and only its constitution changes; once dissolution occurs, section 188 governs. The predecessor and successor firms are separate assessable entities, so their incomes cannot be clubbed in one assessment. The assessment and revisional orders were therefore quashed. Case-Laws Income Tax Mon, 16 Sep 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39439