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2003 (9) TMI 17 - KERALA HIGH COURT"1. Whether, does the case fall under section 188 of the Income-tax Act as a case of one partnership firm succeeding another or only a change of constitution within the meaning of section 187(2) when two partners retired and two others were admitted as new partners? 2. Whether, in the light of clause 14 of the partnership deed, the Tribunal is right in law and fact in holding that 'this is a case falling under section 188 as a case of one partnership firm succeeding another'?" - We answer the aforesaid two questions against the Revenue and in favour of the assessee.
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