1987 (7) TMI 71 - HC - Income Tax

Summary

The High Court of Rajasthan ruled in favor of the Revenue in a case involving the dissolution of an assessee-firm following the death of a partner. The court determined that the firm was not automatically dissolved due to a specific term in the partnership deed, making it a case of a change in constitution rather than succession. The Tribunal's decision was deemed unjustified, and one assessment for the entire period was required.