Association dissolution liability: members remain jointly and severally liable and tax assessment continues despite discontinuance. When an association of persons discontinues its business or is dissolved, the Assessing Officer must assess the association's total income as if no discontinuance or dissolution occurred, and all applicable provisions of the Act, including penalty provisions, shall apply. Members present at discontinuance or dissolution and their legal representatives are jointly and severally liable for tax, penalties and other sums, and proceedings begun before dissolution may continue against them from the stage at which they stood.