https://www.taxtmi.com/acts?id=48774 Assessing Officer must assess the total income of a dissolved or discontinued firm as if no dissolution occurred, applying all relevant provisions of the Act including penalties; penalties under Chapter XXI may be imposed where specified acts are found. Partners at the time of dissolution and their legal representatives are jointly and severally liable for tax, penalty or other sums, and ongoing proceedings may be continued against them from the stage they stood at dissolution. en-us Fri, 14 Feb 2025 11:47:30 +0530 Fri, 14 Feb 2025 11:47:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=48774 Assessing Officer must assess the total income of a dissolved or discontinued firm as if no dissolution occurred, applying all relevant provisions of the Act including penalties; penalties under Chapter XXI may be imposed where specified acts are found. Partners at the time of dissolution and their legal representatives are jointly and severally liable for tax, penalty or other sums, and ongoing proceedings may be continued against them from the stage they stood at dissolution. Act-Rules Bills Fri, 14 Feb 2025 11:47:30 +0530 https://www.taxtmi.com/acts?id=48774