TaxTMI 
TaxTMI 
1997 (7) TMI 668
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.... this Court: "1. Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in holding that the incomes of the two periods could not be clubbed and that two separate assessments should be framed on the basis of the two returns of income filed by the assessee? 2. Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in ....
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....ers, namely, Sarvasri Suraj Bhan, Jagdish Prasad, Hari Babu and Ram Prasad. Sri Suraj Bhan expired on 30th Nov., 1977 and then Smt. Rukmani Devi wife of the deceased and Sri Arun Kumar were admitted as new partners of the firm. The assessing authority was of the view that there was a change in constitution of the firm in the middle of the year and, therefore, he made one assessment for the entire ....
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....he AAC rightly held that on the death of one of the partners the firm stood dissolved and his view was rightly upheld by the Tribunal. Questions no. 1 and 2 are, therefore, decided in the affirmative, i.e., in favour of the assessee and against the Revenue. 4. Coming to the third question, it would be appropriate to reproduce the finding of the AAC. "6. Depreciation was not claimed in the....