Change in constitution of firm - Section 187

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..... earch or requisition) it is found that a change has occurred in the constitution of a firm, the assessment shall be made on the firm as constituted at the time of making the assessment. Note:- There is a change in the constitution of the firm: If one or more partners cease to be partners or one or more new partners are admitted, in such circumstances that one or more of the persons who were partne .....

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..... n 187 ]:- Where the firm is dissolved on the death of any of its partner it will not be considered as a change in the constitution of the firm as per clause (a) of section 187(2) and it will be covered u/s 189 . - Manuals - Ready reckoner - Law and practice - Reference Guide - Quick Commentary Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TM .....

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