In CIT vs. Pramount Trading Corporation (2007) 288 ITR 21 (All.), the assessee firm’s partnership deed contained a clause that in the event of death of a partner, the firm shall be continued by other surviving partners. In this case, it will not be treated as succession of firm as provided u/s. 188. Therefore, assessment u/s.143 or u/s.144 shall be made as per sec. 187 since it is not treated as a change in constitution.
