1996 (12) TMI 46

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..... n the facts and in the circumstances of the case, the Tribunal was legally correct in holding that two separate assessments should be made ignoring the provisions of section 187(2)(a) of the Income-tax Act, 1961 ?" The facts as stated in the statement of the case and as gleaned from the order of the Appellate Tribunal are that the assessee-firm was constituted under a partnership deed dated Apri .....

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..... e is a change in the constitution of the firm--- (a) if one or more of the partners cease to be partners or one or more new partners are admitted, in such circumstances that one or more of the persons who were partners of the firm before the change continue as partner or partners after the change ; or (b) where all the partners continue with a change in their respective shares or in the shares .....

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