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of <h1>Partnership dissolution doesn't escape tax liability under Clause 330 - partners remain jointly liable for all dues</h1> Clause 330 of the Income Tax Bill 2025 addresses tax liability when partnership firms dissolve or discontinue business, essentially mirroring Section 189 of the Income Tax Act 1961. The provision creates a legal fiction allowing tax authorities to assess dissolved firms as if they still exist, preventing tax evasion through dissolution. It establishes joint and several liability for partners and legal representatives of deceased partners for all taxes, penalties, and dues. Assessment proceedings can continue post-dissolution from their existing stage. The clause modernizes language and terminology while maintaining substantive legal principles, ensuring revenue protection and preventing firms from escaping tax obligations through dissolution or business discontinuance.
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