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2005 (11) TMI 34 - HC - Income TaxRetirement of Partner - "Whether, on the facts and in the circumstances of the case, the Appellate Tribunal is right in law in holding that there should be two separate assessments in the case of the assessee?" - new contract was entered into on August 27, 1980, incorporating fresh terms, including the change in the accounting period and the same came to be accepted by the Assessing Officer. On behalf of the Revenue, there is no evidence pointed out from the record that the new contract entered into between the parties, including the change in the accounting period, had any relevance with the old partnership - there is no infirmity in the decision of the Tribunal so as to warrant intervention
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