1996 (12) TMI 45

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....nch "B", Delhi, referred the following question for the opinion of this court : "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in law in holding that the income of the two periods could not be clubbed ?" The reference relates to the assessment year 1977-78. A partnership firm was originally constituted by four partners ; of them, on....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....eeded by another firm, and the case is not one covered by section 187, separate assessments shall be made on the predecessor firm and the successor firm in accordance with the provisions of section 188. One of the partners having died on September 16, 1976, and there being no agreement to the contrary in the partnership deed that the partnership firm will not dissolve despite the death of a partne....