1988 (5) TMI 19

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....answer the following questions of law relating to the assessment years 1976-77 and 1977-78 pertaining to the same assessee, namely : "1. Whether, on the facts and in the circumstances of the case, the Tribunal was justified in directing that separate assessments should be made for the broken periods November 14, 1974, to June 5, 1975, and June 7, 1975, to November 3, 1975 ? 2. Whether, on the fa....

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....s within the ambit of section 187(2) of the Income-tax Act, 1961, since it is a case of a mere change in constitution of the firm and not of succession of one firm by another. This is the view taken by us in CIT v. Sri Krishna Re-rolling Mills [1989] 175 ITR 366 , D. B. I. T. Reference No. 19 of 1985 decided on May 5, 1988, relying on art earlier decision of this court in CIT v. Gharsana Beriwal R....