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DAURAN KHAN versus NAZIR AHMAD

Section 10 (2) (vi) Income Tax Rules, 1922, R 9 Assessing a registered firm, closing its accounts on 30 197 1972, and the firm was dissolved in 2 11 1972 and out of 10 old partners 5 was restructured on 4 11 1972 and three new incoming firms closed their accounts on 30 197 1973 and charged 1 7 1972 to 2 11 1972 and 4 11 1972 to 30 for the year 1973 74. 6 In 1973, two separate returns were submitted, resulting in two separate assessments. He said that as a registered firm, the period has claimed a reduction in the value of machinery, building and copper roller valuation officer, who considered both the units as single units and allowed acceptable depreciation in two periods, 1/3 and 2 /. Divided by the ratio of 3 In relation to each period, the firm should be considered as a separate entity in relation to each period, and thus it has the right to complete depreciation. solicitors from Shamsabad lawyer