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of <h1>Business succession under Section 170 creates dual liability where successor pays predecessor's tax debts if predecessor unavailable</h1> Section 170 of the Income Tax Act, 1961 governs business succession other than death. When a business or profession is succeeded, the predecessor is assessed for income up to the succession date, while the successor is assessed for income after that date. If the predecessor cannot be found, the successor becomes liable for assessments of both the succession year and preceding year. During pendency of succession proceedings, any assessment initiated on the predecessor is deemed made on the successor. When amounts cannot be recovered from the predecessor, the successor becomes liable but retains recovery rights against the predecessor. Special provisions apply for Hindu undivided family business succession involving simultaneous partition.
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