1996 (1) TMI 12

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..... is correct in law in holding that consequent to the death of the partner Alagappan on May 28, 1976, two separate assessments and not one assessment should be made for the assessment year 1977-78 - - - - - Dated:- 23-1-1996 - J. S. VERMA., S. P. BHARUCHA. and MS. SUJATHA V. MANOHAR. JUDGMENT This is a reference made by the Income-tax Appellate Tribunal under section 257 of the Income-tax .....

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..... into on May 29, 1976. The Income-tax Officer did not accept the claim of the assessees and held that there was only a change in the constitution of the firms according to section 187(2)(a) of the Act and not their dissolution. Accordingly, he clubbed the income of the old and new firms in respect of each of the two assessees. The appeals of the assessees were allowed by the Commissioner. The appea .....

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