1988 (8) TMI 86

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....evenue, is to answer the following question of law, namely: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that on the death of the two partners, the old firm stood dissolved each time and, therefore, separate assessments for the three broken periods were to be made ?" The relevant assessment year is 1975-76. The assessee initially had three pa....

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....e this reference at the instance of the Revenue. Admittedly, there was no contract to the contrary in the contract of partnership so as to exclude the application of the general principle contained in section 42(c) of the Indian Partnership Act that a firm was dissolved by the death of a partner. This being so and as the case related to period subsequent to the insertion of the proviso in subse....