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of <h1>Income Tax Bill 2025 Clause 503 ensures tax notice service continues after partition or dissolution of entities</h1> Clause 503 of the Income Tax Bill, 2025 addresses service of notices after partition or dissolution of tax entities, mirroring Section 283 of the Income-tax Act, 1961. When a Hindu Undivided Family undergoes total partition, notices regarding pre-partition income are served on the last manager or, if deceased, all adult members. For dissolved firms or associations, notices may be served on any adult former partner or member. The provision ensures tax proceedings continue despite entity dissolution, preventing revenue loss. Minor drafting changes include updated cross-references but maintain substantive legal continuity and judicial precedents.
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