https://www.taxtmi.com/caselaws?id=58716 The Tribunal ruled in favor of the assessee, determining that there was a dissolution of the firm rather than a mere change in constitution. As per the Full Bench decision of the Andhra Pradesh High Court, in cases of firm dissolution, two assessments should be conducted. The Tribunal emphasized that under Section 187 of the Income Tax Act, if a firm ceases to exist due to dissolution, there cannot be a mere change in constitution. Therefore, the appeal was allowed in favor of the assessee, and two assessments were deemed necessary following the dissolution of the firm. en-us Mon, 28 Apr 1980 00:00:00 +0530 Tue, 21 Dec 2010 16:44:12 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=58716 The Tribunal ruled in favor of the assessee, determining that there was a dissolution of the firm rather than a mere change in constitution. As per the Full Bench decision of the Andhra Pradesh High Court, in cases of firm dissolution, two assessments should be conducted. The Tribunal emphasized that under Section 187 of the Income Tax Act, if a firm ceases to exist due to dissolution, there cannot be a mere change in constitution. Therefore, the appeal was allowed in favor of the assessee, and two assessments were deemed necessary following the dissolution of the firm. Case-Laws Income Tax Mon, 28 Apr 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=58716