Section 504
Service of notice in case of discontinued business.
About this Act
An Act to consolidate and amend the law relating to income-tax.
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.
(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.