1994 (7) TMI 71 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled in favor of the assessee in a case involving a change in the constitution of a firm after the death of a partner. The court held that the firm did not dissolve but underwent a change in constitution when the deceased partner's wife joined as a new partner. The Tribunal's decision to grant registration to the firm was affirmed. The judgment references the Supreme Court's ruling that in cases of a partner's death followed by the admission of a new partner, there is a change in constitution but not dissolution of the firm.