https://www.taxtmi.com/caselaws?id=39740 The High Court held that the change in the partnership constituted a change in the constitution of the firm under Section 187(2)(a) of the Income-tax Act, 1961. Therefore, a single assessment should be made on the firm as constituted at the time of assessment, rather than separate assessments for the two periods. The Tribunal's decision to direct separate assessments was overturned, and the assessee was ordered to pay the costs of the reference to the Commissioner of Income-tax. en-us Wed, 26 Jun 1974 00:00:00 +0530 Tue, 20 Apr 2010 10:32:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39740 The High Court held that the change in the partnership constituted a change in the constitution of the firm under Section 187(2)(a) of the Income-tax Act, 1961. Therefore, a single assessment should be made on the firm as constituted at the time of assessment, rather than separate assessments for the two periods. The Tribunal's decision to direct separate assessments was overturned, and the assessee was ordered to pay the costs of the reference to the Commissioner of Income-tax. Case-Laws Income Tax Wed, 26 Jun 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39740