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    <title>Succession of one firm by another firm</title>
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    <description>Where a firm carrying on business or profession is succeeded by another firm and the case is not covered by the exception, separate income-tax assessments shall be made on the predecessor firm and the successor firm in accordance with the assessment procedure under the Income-tax Act.</description>
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      <description>Where a firm carrying on business or profession is succeeded by another firm and the case is not covered by the exception, separate income-tax assessments shall be made on the predecessor firm and the successor firm in accordance with the assessment procedure under the Income-tax Act.</description>
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