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Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1996 (12) TMI HC This

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1996 (12) TMI 45 - HC - Income Tax

The High Court of Allahabad held that the predecessor firm dissolved on the death of a partner and a new firm was constituted, leading to separate assessments. The Income-tax Appellate Tribunal was correct in ruling that the income of the two periods could not be clubbed. The decision favored the assessee.

 

 

 

 

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