1995 (10) TMI 34

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..... -tax Act, 1961, for the opinion of this court : " Whether, on the facts and in the circumstances of the case, the Tribunal was right in law in upholding the Appellate Assistant Commissioner's finding that two assessments for the two different periods should be made in this case ?" There was a firm in the name and style of K. D. Punetha and Sons. It had four partners. One of the partners, Sri K .....

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..... essments should have been made for the two respective periods. Thereafter, the Revenue went in appeal before the Income-tax Appellate Tribunal. The Tribunal dismissed the appeal. The question referred to this court was considered in the case of Dahi Laxmi Dal Factory v. ITO [1976] 103 ITR 517, by a Full Bench of this court where in it was held that on the death of a partner there is a dissolutio .....

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