1986 (6) TMI 21 - HC - Income Tax

Summary

The High Court of Madhya Pradesh upheld the decision of the Appellate Tribunal regarding the assessment of a firm after the death of a partner. The Tribunal determined that there was only a change in the firm's constitution, not a dissolution, and therefore, only one assessment was required for the entire accounting year. The court agreed with this interpretation based on relevant provisions of the Income-tax Act. The Tribunal's decision was deemed justified, and all questions referred for decision were answered accordingly.