9911796707
Case Laws
Acts
Notifications
Circulars
Classification
Forms
Manuals
Articles
News
D. Forum
Highlights
Notes
🚨 Important Update for Our Users
We are transitioning to our new and improved portal - www.taxtmi.com - for a better experience.
Follow us:
|
Home
Forgot password New User/ Regiser ⇒ Register to get Live Demo
Clause 175 - Assessment of unincorporated body in case of change in its constitution. - Direct Taxes Code, 2010Extract Assessment of unincorporated body in case of change in its constitution. 175. (1) The Assessing Officer shall, in a case where a change has occurred in the constitution of an unincorporated body, make a single assessment in respect of the entire financial year in which the change has occurred. (2) In this section, a change in the constitution of an unincorporated body is said to have taken place, if— (a) one, or more, of the participants cease to be participants; (b) one, or more, new participants are admitted; or (c) all the participants continue with a change in their respective shares or in the shares of some of them. (3) The provisions of this section shall not apply, if the change in constitution is on account of the death of a participant or the retirement of all the participants.
|
