Section 284 of Income Tax Act for AY 2023-24

Section 284 of Income Tax Act 1961 amended by Finance Act 2022 and Income-tax Rules. Service of notice in the case of discontinued business.

Amended and updated notes on section 284 of Income Tax Act 1961 as amended by the Finance Act 2022 and Income-tax Rules, 1962. Detail discussion on provisions and rules related to service of notice in the case of discontinued business.

Chapter XXIII (Sections 281 to 298) of the Income Tax Act 1961 deals with the provisions related to Miscellaneous. Section 284 of IT Act 1961 provides for service of notice in the case of discontinued business.

Recently, we have discussed in detail section 283 (Service of notice when family is disrupted or firm, etc., is dissolved) of IT Act 1961. Today, we learn the provisions of section 284 of Income-tax Act 1961. The amended provision of section 284 is effective for financial year 2022-23 relevant to the assessment year 2023-24.

In this article, you will learn detail of the provisions of section 284 of the Income Tax Act, 1961 Bare Act read with the Income-tax Rules, 1962 as provided by Ministry of Law and Justice, Government of India.

Section-284: Service of notice in the case of discontinued business

Where an assessment is to be made under section 176, the Assessing Officer may serve on the person whose income is to be assessed, or, in the case of a firm or an association of persons, on any person who was a member of such firm or association at the time of its discontinuance or, in the case of a company, on the principal officer thereof, a notice containing all or any of the requirements which may be included in a notice under sub-section (2) of section 139, and the provisions of this Act shall, so far as may be, apply accordingly as if the notice were a notice issued under that section.


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