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THE INCOME TAX ACT, 2025
Section 504 of Income Tax Act - Se...
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504. Service of notice in case of discontinued business.
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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 the 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 section. |
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