1981 (10) TMI 53 - AT - Income Tax

Summary

The CIT requested the Tribunal to refer a question of law regarding the assessment of a firm after one partner retired. The Tribunal held that it was a case of firm dissolution, not a change in constitution, and assessments should be separate. The Supreme Court ruling confirmed this interpretation. The reference application was dismissed. (Case: Appellate Tribunal ITAT BOMBAY-B, Citation: 1981 (10) TMI 53 - ITAT BOMBAY-B)