1996 (12) TMI 30

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....ce of the Commissioner of Income-tax, the Income-tax Appellate Tribunal, Ahmedabad Bench "C", has referred the following question of law arising out of I.T.A. No. 414/Ahd. of 1982 for the assessment year 1975-76 : " Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal has been right in law in confirming the view taken by the Commissioner of Income-tax (A....

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....sion of this High Court in the case of Addl. CIT v. Harjivandas Hathibhai [1977] 108 ITR 517, allowed the appeal of the assessee. The Tribunal confirmed this order. It is the fundamental principle of the law of partnership that unless there is a contract to the contrary, the death of a partner results in the dissolution of the firm immediately though settlement of accounts may be taken later. T....