1998 (9) TMI 34

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....MY J.--At the instance of the Revenue, the following question has been referred to us: "Whether, on the facts and in the circumstances of the case and having regard to the provisions of section 187(2) of the Income-tax Act 1961, the Appellate Tribunal is justified in holding that there has been dissolution of the firm on August 11, 1975, when one of the partners, Shri L. Sriramulu, died and hen....

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.... On appeal, the Commissioner of Income-tax agreed with the Income-tax Officer that there was only a change in the constitution of the firm as envisaged in section 187 of the Income-tax Act and that the Income-tax Officer was justified in making a single assessment for the entire period. On appeal, the Tribunal held that consequent to the death of the partner, the old firm got dissolved and t....