https://www.taxtmi.com/caselaws?id=58427 The Appellate Tribunal ITAT Bombay-B upheld the dissolution of a partnership firm for the assessment year 1978-79, dismissing the Revenue's challenge regarding the firm's status and application of section 188. Despite the partnership deed clauses suggesting a change in constitution, the Tribunal favored the AAC's decision based on a dissolution deed and separate accounts for two periods, concluding that the firm indeed underwent dissolution. Separate assessments for the two distinct periods were deemed valid, leading to the dismissal of the Revenue's appeal. en-us Thu, 06 Mar 1980 00:00:00 +0530 Sat, 18 Dec 2010 18:57:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58427 The Appellate Tribunal ITAT Bombay-B upheld the dissolution of a partnership firm for the assessment year 1978-79, dismissing the Revenue's challenge regarding the firm's status and application of section 188. Despite the partnership deed clauses suggesting a change in constitution, the Tribunal favored the AAC's decision based on a dissolution deed and separate accounts for two periods, concluding that the firm indeed underwent dissolution. Separate assessments for the two distinct periods were deemed valid, leading to the dismissal of the Revenue's appeal. Case-Laws Income Tax Thu, 06 Mar 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58427