Service of notice in case of discontinued business
[As per the Income Tax Act, 2025 (this Act) w.e.f. 1st April, 2026.]
Where an assessment is to be made under section 320, the Assessing Officer may serve on the—
- (a) person whose income is to be assessed; or
- (b) person who was a member of a firm or association of persons at the time of its discontinuance, in the case of a firm or an association of persons; or
- (c) principal officer, in case of a company,
a notice containing all or any of the requirements which may be included in a notice under section 268(1) and the provisions of this Act shall, so far as may be, apply accordingly as if the notice were a notice issued under that sub-section.
