1988 (7) TMI 39 - HC - Income Tax

Summary

The High Court of Madhya Pradesh held that the Income-tax Tribunal was justified in directing two separate assessments on a firm for periods before and after a partner's death. The court referred to a proviso in section 187(2) of the Income-tax Act and ruled in favor of the Tribunal's decision. The court's answer to the question was affirmative, and each party was ordered to bear their own costs.