Discontinued business.

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....up to the date of such discontinuance may, at the discretion of the Assessing Officer, be charged to tax in that tax year. (2) The total income of each completed tax year or part of any tax year included in such period shall be chargeable to tax at the rate or rates in force in that tax year, and separate assessments shall be made in respect of each such completed tax year or part of any tax year....

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....ngly in the year of receipt, if such sum would have been included in the total income of the said person, had it been received before such discontinuance. (6) Where an assessment is to be made under the provisions of this section, the Assessing Officer may serve on the person whose income is to be assessed or, in the case of a firm, on any person who was a partner of such firm at the time of its ....