https://www.taxtmi.com/acts?id=51873 When a firm carrying on business or profession is succeeded by another firm, separate income tax assessments are to be made on the predecessor firm and on the successor firm, applying the prescribed assessment procedures to each entity independently; an exception applies where a different provision governs succession. en-us Thu, 14 Aug 2025 17:49:10 +0530 Wed, 20 Aug 2025 16:46:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51873 When a firm carrying on business or profession is succeeded by another firm, separate income tax assessments are to be made on the predecessor firm and on the successor firm, applying the prescribed assessment procedures to each entity independently; an exception applies where a different provision governs succession. Act-Rules Income Tax Thu, 14 Aug 2025 17:49:10 +0530 https://www.taxtmi.com/acts?id=51873