1978 (12) TMI 63

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....year relevant to the asst. yr. 1972-73, one of the partners retired from the firm. The inevitable consequence of the retirement of one of the partners was that there was an automatic dissolution of the firm. The appellant filed an application in form No. 11 claiming the benefit of registration for that relevant assessment year. But the ITO and the AAC disallowed the income on the ground that there....