https://www.taxtmi.com/acts?id=11823 Assessment upon business reorganisation divides the financial year between the predecessor and successor: the predecessor is assessed for income up to the day before reorganisation and the successor for income from the date of reorganisation to year-end. Proceedings under the Code against the predecessor are deemed taken against the successor and may be continued or instituted against the successor where the predecessor does not exist or cannot be found. en-us Fri, 17 Sep 2010 11:13:08 +0530 Fri, 17 Sep 2010 11:13:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=11823 Assessment upon business reorganisation divides the financial year between the predecessor and successor: the predecessor is assessed for income up to the day before reorganisation and the successor for income from the date of reorganisation to year-end. Proceedings under the Code against the predecessor are deemed taken against the successor and may be continued or instituted against the successor where the predecessor does not exist or cannot be found. Act-Rules Bills Fri, 17 Sep 2010 11:13:08 +0530 https://www.taxtmi.com/acts?id=11823