1987 (1) TMI 64

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....on 256(1) of the Income-tax Act, 1961 (hereinafter referred to as " the Act "), the Income-tax Appellate Tribunal, Indore Bench, has referred the following question of law to this court for its opinion: " Whether, on the facts and in the circumstances of the case, the Tribunal was justified in upholding the order of the Appellate. Assistant Commissioner that two separate assessments were to be ....

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....de. On appeal, the Appellate Assistant Commissioner took a contrary view and held that dissolution of the old firm took place due to the death of a partner and the partnership firm that came into existence was a new one. The Appellate Assistant Commissioner accordingly directed the Income-tax Officer to frame two assessments for the two periods before and after the death of Heeralal. Aggrieved by ....