https://www.taxtmi.com/caselaws?id=5405 Under the unamended section 44 of the Indian Income-tax Act, 1922, a firm whose dissolution brought about discontinuance of business could still be assessed as if the business had continued. The provision was treated as a machinery section creating a statutory fiction to preserve assessment continuity, and the partners at the time of discontinuance remained jointly and severally liable. Earlier Supreme Court decisions in Abraham and Shivram Poddar were followed on the point that dissolution causing discontinuance attracted section 44, while mere dissolution without discontinuance would not. en-us Fri, 26 Mar 1993 00:00:00 +0530 Mon, 24 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5405 Under the unamended section 44 of the Indian Income-tax Act, 1922, a firm whose dissolution brought about discontinuance of business could still be assessed as if the business had continued. The provision was treated as a machinery section creating a statutory fiction to preserve assessment continuity, and the partners at the time of discontinuance remained jointly and severally liable. Earlier Supreme Court decisions in Abraham and Shivram Poddar were followed on the point that dissolution causing discontinuance attracted section 44, while mere dissolution without discontinuance would not. Case-Laws Income Tax Fri, 26 Mar 1993 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5405