Assessment of temporary associations: income becomes chargeable on dissolution and exit assessment rules apply immediately. Section 174A provides that where an association of persons, body of individuals, or artificial juridical person formed for a particular event or purpose is likely to be dissolved in the assessment year of its formation or immediately thereafter, the total income of that entity from the expiry of the previous year to the date of dissolution is chargeable to tax in that assessment year, and the assessment proceedings shall, so far as may be, follow the procedural provisions applicable to persons leaving the country.