1985 (12) TMI 18 - HC - Income Tax

Summary

The High Court of Madhya Pradesh ruled in favor of the assessee in a tax case involving the dissolution of a partnership firm due to the death of a partner. The court upheld the decision to make two separate assessments for different periods, as per the proviso in section 187 of the Income-tax Act. The Tribunal's decision was deemed justified, and the reference was answered in favor of the assessee.