1990 (12) TMI 54 - HC - Income Tax

Summary

The High Court of Allahabad ruled in favor of the Revenue and against the assessee in a case involving the assessment of a partnership firm for the year 1973-74. The court held that two separate assessments should have been made due to a change in the firm's constitution. The decision was based on the provisions of section 187(2) of the Income Tax Act, 1961. (Case citation: 1990 (12) TMI 54 - ALLAHABAD High Court)