Firm succession: separate tax assessments on predecessor and successor under the prescribed assessment provisions of the law. Where a firm carrying on a business or profession is succeeded by another firm, except in a case covered by section 327, separate assessments shall be ... Summary
Firm succession: separate tax assessments on predecessor and successor under the prescribed assessment provisions of the law.
Where a firm carrying on a business or profession is succeeded by another firm, except in a case covered by section 327, separate assessments shall be made on the predecessor firm and the successor firm as per the provisions of section 313.
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