https://www.taxtmi.com/caselaws?id=49530 Where a firm's business is discontinued, section 44 makes every person who was a partner at discontinuance jointly and severally liable to assessment under Chapter IV and directs that all provisions of Chapter IV apply so far as may be. The Article construes "assessment" to include the Chapter's machinery for determination and enforcement, including penalty provisions, and reasons that the phrase "so far as may be" excludes only provisions impossible by their nature to apply. Consequently penalties under section 28(1)(c) may be imposed after firm discontinuance on former partners; outcome favours the Revenue. en-us Tue, 29 Nov 1960 00:00:00 +0530 Mon, 03 Nov 2025 15:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49530 Where a firm's business is discontinued, section 44 makes every person who was a partner at discontinuance jointly and severally liable to assessment under Chapter IV and directs that all provisions of Chapter IV apply so far as may be. The Article construes "assessment" to include the Chapter's machinery for determination and enforcement, including penalty provisions, and reasons that the phrase "so far as may be" excludes only provisions impossible by their nature to apply. Consequently penalties under section 28(1)(c) may be imposed after firm discontinuance on former partners; outcome favours the Revenue. Case-Laws Income Tax Tue, 29 Nov 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49530