1988 (4) TMI 17

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....following question of law, namely : "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal was justified in holding that it was not a case of change in constitution of the firm under section 187(2) of the Income-tax Act, 1961, and, consequently, in directing the Income-tax Officer to make two separate assessments ?" The relevant assessment year is 1980-81. The materi....

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....e present is a case governed by the amended section 187 as it stands after the insertion of the proviso in sub-section (2) of section 187 retrospectively with effect from April 1, 1975. The view taken in such situation on the basis of the newly inserted proviso in sub-section (2) of section 187 by this court in CIT v. Assumal Veerumal [1988] 170 ITR 489, is that it is a case of succession governed....