Liability of person in respect of income included in the income of another person

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Full Text of the Document

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....the income from any asset or from membership in a firm of a person other than the assessee is included in the total income of the assessee, the person in whose name such asset stands or who is a member of the firm shall, notwithstanding anything to the contrary contained in any other law for the time being in force, be liable, on the service of a notice of demand by the ^1[Assessing] Officer in th....