https://www.taxtmi.com/caselaws?id=39873 The High Court upheld the Tribunal's decision in a case involving the inclusion of income from a dissolved partnership firm in a new partnership firm for the assessment year 1965-66. The court emphasized the factual nature of determining whether there was a new partnership or a continuation of the old one, citing a precedent to support its stance. It dismissed the application under section 256(1) of the Income-tax Act, 1961, highlighting that the Income-tax Officer's aggregation of income from both partnerships was unwarranted. The judgment concluded by dismissing the application without costs. en-us Thu, 17 Feb 1972 00:00:00 +0530 Tue, 20 Apr 2010 17:39:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39873 The High Court upheld the Tribunal's decision in a case involving the inclusion of income from a dissolved partnership firm in a new partnership firm for the assessment year 1965-66. The court emphasized the factual nature of determining whether there was a new partnership or a continuation of the old one, citing a precedent to support its stance. It dismissed the application under section 256(1) of the Income-tax Act, 1961, highlighting that the Income-tax Officer's aggregation of income from both partnerships was unwarranted. The judgment concluded by dismissing the application without costs. Case-Laws Income Tax Thu, 17 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39873