1988 (8) TMI 88

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....e of the Revenue, to answer the following question, namely: "Whether, on the facts and in the circumstances of the case, the Tribunal was right in holding that the firm stood dissolved on the death of Shri Ibrahim Khan (partner) on July 19, 1977, and, therefore, two separate assessments should have been made by the Income-tax Officer for the two periods, meaning thereby, up to July 19, 1977, an....

X X   X X   Extracts   X X   X X

Full Text of the Document

X X   X X   Extracts   X X   X X

....ribunal has also taken the same view and, hence, this reference at the instance of the Revenue. The Revenue does not rely on any contract to the contrary in the initial contract of partnership to avoid the natural consequence of dissolution of the firm on the death of a partner in accordance with the rules contained in section 42 of the Partnership Act, 1932. Moreover, to this case, the proviso....