1988 (3) TMI 44

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..... the facts and in the circumstances of the case, and having regard to the provisions of section 187(2)(a) of the Income-tax Act 1961, the Tribunal was justified in directing that two assessments should be made in this case in respect of the periods Kartik Sudi 1, Samwat 2027 to Falgun Badi 1, Samwat 2027 and Falgun Badi 2, Samwat 2027 to Kartik Badi 30, Samwat 2028 ? " The relevant assessment ye .....

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..... t it was a case of a mere change in the constitution of the assessee-firm in terms of section 187(2)(a) of the Act and as such only one assessment had to be made for the entire assessment year. The assessee's appeal to the Appellate Assistant Commissioner was, however, accepted upholding the assessee's contention. The Tribunal has also taken the same view. Hence, this reference at the instance of .....

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