1988 (8) TMI 88 - HC - Income Tax

Summary

The High Court of Rajasthan ruled that the firm was dissolved upon the death of a partner and two separate assessments should have been made for the periods before and after the partner's death. The Tribunal's decision in favor of the assessee was upheld, citing sections 42 of the Partnership Act, 1932, and section 187(2) of the Income-tax Act, 1961. The reference was answered against the Revenue and in favor of the assessee.