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of <h1>Section 327: Firm assessments under sections 270/271 apply to firm as constituted when assessment is made; change in constitution defined</h1> Section 327 mandates that assessments under sections 270/271 be made on the firm as constituted at the time the assessment is made; 'change in constitution' covers partners ceasing to be partners, admission of new partners provided at least one pre-existing partner remains, and changes in partners' shares, with a proviso excluding dissolution on a partner's death. The Bill and Act texts are substantively aligned; the Act consolidates cessation and admission into a single subparagraph while the Bill lists them separately, a drafting difference without apparent change in scope. The provision is silent on timing definitions, successor liability, and procedural implementation.
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