https://www.taxtmi.com/caselaws?id=49411 Section 25(4) relief under the Income-tax Act, 1922 applied only where the business taxed under the 1918 Act continued to be carried on by the same person on 1 April 1939 and was then succeeded by another person, without the change being merely a reconstitution of one partnership. The text explains that the original business was treated as discontinued in 1937, or at latest split into two independent partnerships by the deeds of 30 May 1939, so the business taxed under the 1918 Act was no longer in existence when the later transfer to the company occurred. On that basis, the transfer did not amount to a qualifying succession and relief was unavailable. en-us Fri, 20 Dec 1963 00:00:00 +0530 Mon, 25 Aug 2014 08:34:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49411 Section 25(4) relief under the Income-tax Act, 1922 applied only where the business taxed under the 1918 Act continued to be carried on by the same person on 1 April 1939 and was then succeeded by another person, without the change being merely a reconstitution of one partnership. The text explains that the original business was treated as discontinued in 1937, or at latest split into two independent partnerships by the deeds of 30 May 1939, so the business taxed under the 1918 Act was no longer in existence when the later transfer to the company occurred. On that basis, the transfer did not amount to a qualifying succession and relief was unavailable. Case-Laws Income Tax Fri, 20 Dec 1963 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49411