Service of notice for discontinued business permits assessing officer to serve former partners or company principal officer for assessment. When an assessment is to be made for a discontinued business or profession, the Assessing Officer may serve a notice on the person whose income is to be assessed, on a former member of a firm or association of persons at the time of discontinuance, or on the principal officer of a company; the notice may include requirements ordinarily contained in a general assessment notice and the Act's procedural provisions apply as if issued under that general notice mechanism.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Service of notice for discontinued business permits assessing officer to serve former partners or company principal officer for assessment.
When an assessment is to be made for a discontinued business or profession, the Assessing Officer may serve a notice on the person whose income is to be assessed, on a former member of a firm or association of persons at the time of discontinuance, or on the principal officer of a company; the notice may include requirements ordinarily contained in a general assessment notice and the Act's procedural provisions apply as if issued under that general notice mechanism.
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