https://www.taxtmi.com/acts?id=51866 Section 321 requires assessment of an association's total income as if discontinuance or dissolution had not occurred, with all Act provisions, including penalty and other sums, applying to that assessment. It permits imposition of penalties where the association is found guilty of specified offences and imposes joint and several liability on members and their legal representatives for tax, penalties and other sums. Ongoing proceedings may continue against those persons from the stage they stood at discontinuance or dissolution. en-us Thu, 14 Aug 2025 17:46:57 +0530 Wed, 20 Aug 2025 16:19:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51866 Section 321 requires assessment of an association's total income as if discontinuance or dissolution had not occurred, with all Act provisions, including penalty and other sums, applying to that assessment. It permits imposition of penalties where the association is found guilty of specified offences and imposes joint and several liability on members and their legal representatives for tax, penalties and other sums. Ongoing proceedings may continue against those persons from the stage they stood at discontinuance or dissolution. Act-Rules Income Tax Thu, 14 Aug 2025 17:46:57 +0530 https://www.taxtmi.com/acts?id=51866