https://www.taxtmi.com/acts?id=51875 Where a firm is dissolved or its business discontinued, the Assessing Officer shall assess the firm's total income as if no dissolution occurred and may apply all relevant provisions of the Act, including penalty provisions. Partners who were in office at dissolution, and legal representatives of deceased partners, are jointly and severally liable for tax, penalty or other sums; any proceedings already begun may be continued against those persons from their existing stage. en-us Thu, 14 Aug 2025 17:49:37 +0530 Wed, 20 Aug 2025 16:50:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=51875 Where a firm is dissolved or its business discontinued, the Assessing Officer shall assess the firm's total income as if no dissolution occurred and may apply all relevant provisions of the Act, including penalty provisions. Partners who were in office at dissolution, and legal representatives of deceased partners, are jointly and severally liable for tax, penalty or other sums; any proceedings already begun may be continued against those persons from their existing stage. Act-Rules Income Tax Thu, 14 Aug 2025 17:49:37 +0530 https://www.taxtmi.com/acts?id=51875