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of <h1>Section 177 makes dissolved association members jointly liable for all tax obligations and penalties</h1> Section 177 of the Income Tax Act, 1961 addresses tax obligations when an association of persons dissolves or discontinues business. The Assessing Officer must assess total income as if no discontinuance occurred, with all Act provisions applying including penalties. Members remain jointly and severally liable for taxes, penalties, and other sums payable. Ongoing proceedings can continue against former members from the existing stage. The section empowers officers to impose penalties for specified violations and ensures comprehensive tax recovery despite organizational dissolution.
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