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![No Dissolution of Firm upon Death of Partner if Deed posits Continuity: Supreme Court [Read Order]](https://images.taxscan.in/h-upload/2025/07/18/500x300_2065137-supreme-court-dissolution-of-firm-firm-taxscan.webp "No Dissolution of Firm upon Death of Partner if Deed posits Continuity: Supreme Court [Read Order]")
No Dissolution of Firm upon Death of Partner if Deed posits Continuity: Supreme Court [Read Order]
In a pivotal judgment that defines partnership continuity after the death of a partner, the Supreme Court of India has held that a partnership firm...
![No Addition u/s 68 in Partnership Firm’s Hands if Credit is in Partner’s Capital Account: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2024/09/Addition-Partnership-Firm-Capital-Account-ITAT-taxscan.jpeg "No Addition u/s 68 in Partnership Firm’s Hands if Credit is in Partner’s Capital Account: ITAT [Read Order]")
![Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/10/Rectified-Partnership-Deed-Invalid-when-Stamp-Paper-was-issued-on-Prior-Date-ITAT-directs-AO-Verification-of-Rectified-Deed-TAXSCAN.jpg "Rectified Partnership Deed cannot be Invalid when Stamp Paper was issued on Prior Date: ITAT directs AO Verification of Rectified Deed [Read Order]")
![Bombay HC upholds Cancellation of Liquor License by Excise Commissioner in application of Legal Heirs of Deceased Partner [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Bombay-HC-upholds-Cancellation-of-Liquor-License-Bombay-High-Court-Cancellation-of-Liquor-License-Liquor-License-Excise-Commissioner-Legal-Heirs-Deceased-Partner-taxscan.jpeg "Bombay HC upholds Cancellation of Liquor License by Excise Commissioner in application of Legal Heirs of Deceased Partner [Read Order]")
![Ignorance that Income Earned from Partnership Liable to Tax not Reasonable Cause for Late Filing of ITR: ITAT Upholds Penalty [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/06/Ignorance-Income-Earned-Income-Earned-from-Partnership-Partnership-Income-Liable-to-Tax-tax-Reasonable-Cause-for-Late-Filing-Late-Filing-Late-Filing-of-ITR-ITR-ITAT-Upholds-Penalty-ITAT-Penalty-taxscan.jpg "Ignorance that Income Earned from Partnership Liable to Tax not Reasonable Cause for Late Filing of ITR: ITAT Upholds Penalty [Read Order]")
![Income Tax Notice issued u/s 148A(b) on dissolved Partnership is not valid: Delhi HCÂ [Read Order]](https://www.taxscan.in/wp-content/uploads/2023/03/Income-Tax-Notice-Income-Tax-Notice-Partnership-Delhi-High-Court-taxscan.jpg "Income Tax Notice issued u/s 148A(b) on dissolved Partnership is not valid: Delhi HCÂ [Read Order]")
Amount paid to Partner upon retirement towards his Share in Assets not liable to Capital Gain: ITAT [Read Order]
The Income Tax Appellate Tribunal (ITAT), Mumbai Bench held that the amount paid to partner upon retirement towards his share in assets not liable to capital gain. The assessee, Dr. Vithal V....
![Amount paid to Partner upon retirement towards his Share in Assets not liable to Capital Gain: ITAT [Read Order]](https://www.taxscan.in/wp-content/uploads/2020/11/retirement-share-in-assets-capital-gain-ITAT-ITAT-Mumbai-Taxscan.jpg "Amount paid to Partner upon retirement towards his Share in Assets not liable to Capital Gain: ITAT [Read Order]")