Laws / Income Tax Law / 89
89 - Assessment in case of discontinued business
89. Assessment in case of discontinued business.-
(1) Without prejudice to the provision of section 87, where any business or profession is discontinued in any financial year, and assessment may be made in that year, notwithstanding anything contained in section 16, on the basis of the total income of the...
Premium content
You are viewing a preview. Upgrade your subscription to read the full article.
View plans