1996 (12) TMI 45

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..... urt : "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was correct in law in holding that the income of the two periods could not be clubbed ?" The reference relates to the assessment year 1977-78. A partnership firm was originally constituted by four partners ; of them, one of the partners, namely, Shankar Dass, died on September 16, 1976. Thereaf .....

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..... e assessments shall be made on the predecessor firm and the successor firm in accordance with the provisions of section 188. One of the partners having died on September 16, 1976, and there being no agreement to the contrary in the partnership deed that the partnership firm will not dissolve despite the death of a partner, we hold that the predecessor firm stood dissolved on the death of Shankar D .....

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