https://www.taxtmi.com/caselaws?id=60881 The Tribunal held that the changes in the partnership firm's constitution, following the death of a partner and admission of new partners, did not amount to dissolution but rather a change in constitution. As there was no separate dissolution deed and the partnership deeds explicitly stated that the firm would not dissolve upon the death of a partner, the Tribunal ruled in favor of making one composite assessment for the entire period. This decision overturned the CIT(A)'s direction for two separate assessments, emphasizing the continuity of the business with new partners. en-us Tue, 09 Nov 1993 00:00:00 +0530 Sat, 08 Jan 2011 14:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=60881 The Tribunal held that the changes in the partnership firm's constitution, following the death of a partner and admission of new partners, did not amount to dissolution but rather a change in constitution. As there was no separate dissolution deed and the partnership deeds explicitly stated that the firm would not dissolve upon the death of a partner, the Tribunal ruled in favor of making one composite assessment for the entire period. This decision overturned the CIT(A)'s direction for two separate assessments, emphasizing the continuity of the business with new partners. Case-Laws Income Tax Tue, 09 Nov 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=60881