Assessment of Firm if Change in constitution

RELEVANT PARAGRAPH 5. Chapter-XVI of the Income-tax Act provides for special provisions applicable to firms. Section 184 provides that a firm shall be assessed as a firm for the purposes of this Act if the partnership is evidenced by an instrument and the individual shares of the partners are specified in that instrument. It is also necessary to be assessed as a firm as per sub-section (2) that the certified copy of the instrument of partnership shall accompany the return of income of the firm for the previous year relevant to the assessment year in respect of which assessment as a firm is fir...