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2025Section 328

328. Succession of one firm by another firm.

In the 1961 Act1 match · Unreviewed

From the Income Tax Department's correspondence.

Where a firm carrying on a business or profession is succeeded by another firm, except in a case covered by section 327, separate assessments shall be made on the predecessor firm and the successor firm as per the provisions of section 313.

Income-tax Act, 2025: text as on 25 August 2026 · Official source ↗ ·