1988 (4) TMI 20

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....e-tax Act, 1961, is at the instance of the Revenue to answer the following question of law, namely : "Whether, on the facts and in the circumstances of the case, the Tribunal was correct in law in holding that on the death of Shri Prithviraj (partner), there was dissolution of the firm and the assessments should have been made by the Income-tax Officer ?" The relevant assessment year is 1976-77.....

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....od dissolved on the death of Prithviraj and a new firm was constituted thereafter and, therefore, it was case of succession governed by section 188 of the Act on account of which two separate assessments for the two periods were required to be made. The point involved in the present case is governed by section 187 of the Act, as amended by the insertion of the proviso in sub-section (2) retrospec....