TMI BlogSuccession of one firm by another firm - Section 188X X X X Extracts X X X X X X X X Extracts X X X X ..... firm - Section 188 Where a firm carrying on a business or profession is succeeded by another firm, and the case is not one covered by section 187 , separate assessment shall be made on the predecessor ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... everally liable along with the firm for the amount of tax, penalty or other sum payable by the firm for the assessment year to which such previous year is relevant and all the provisions of this Act, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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