https://www.taxtmi.com/acts?id=48757 Clause 313 requires the predecessor to be assessed for income up to the date of succession and the successor for income after that date; if the predecessor cannot be found, the successor may be assessed for the predecessor's relevant years. Proceedings initiated on the predecessor during the pendency of succession are deemed initiated on the successor. If amounts assessed on the predecessor cannot be recovered, they become payable by and recoverable from the successor, who may in turn recover from the predecessor. The clause treats gains from transfer as income and defines pendency for succession proceedings. en-us Fri, 14 Feb 2025 11:36:28 +0530 Fri, 14 Feb 2025 11:36:28 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48757 Clause 313 requires the predecessor to be assessed for income up to the date of succession and the successor for income after that date; if the predecessor cannot be found, the successor may be assessed for the predecessor's relevant years. Proceedings initiated on the predecessor during the pendency of succession are deemed initiated on the successor. If amounts assessed on the predecessor cannot be recovered, they become payable by and recoverable from the successor, who may in turn recover from the predecessor. The clause treats gains from transfer as income and defines pendency for succession proceedings. Act-Rules Bills Fri, 14 Feb 2025 11:36:28 +0530 https://www.taxtmi.com/acts?id=48757