Section 328 — Succession of one firm by another firm

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.

Related sections

Section 302 — 1.—Legal representatives Legal representative
Section 303 — 2.—Representative assessees—General provisions Representative assessee
Section 304 — Liability of representative assessee
Section 305 — Right of representative assessee to recover tax paid
Section 306 — Who may be regarded as agent
Section 307 — Charge of tax where share of beneficiaries unknown
Section 308 — Charge of tax in case of oral trust
Section 309 — Method of computing a member’s share in income of association of persons or body of individuals
Section 310 — Share of member of association of persons or body of individuals in income of association or body
Section 311 — Charge of tax where shares of members in association of persons or body of individuals unknown, etc
Section 312 — Executor
Section 313 — Succession to business or profession otherwise than on death
Section 314 — Effect of order of tribunal or court in respect of business reorganisation
Section 315 — Assessment after partition of Hindu undivided family
Section 316 — Shipping business of non-residents
Section 317 — Assessment of persons leaving India
Section 318 — Assessment of association of persons or body of individuals or artificial juridical person formed for a particular event or purpose
Section 319 — Assessment of persons likely to transfer property to avoid tax
Section 320 — Discontinued business
Section 321 — Association dissolved or business discontinued
Section 322 — Company in liquidation
Section 323 — 13.—Private companies Liability of directors of private company
Section 324 — 14.—Assessment of firms Charge of tax in case of a firm
Section 325 — Assessment as a firm
Section 326 — Assessment when section 325 not complied with
Section 327 — 15.—Change in constitution, succession and dissolution Change in constitution of a firm
Section 329 — Joint and several liability of partners for tax payable by firm
Section 330 — Firm dissolved or business discontinued
Section 331 — 16.—Liability of partners of limited liability partnership in liquidation Liability of partners of limited liability partnership in liquidation
Section 332 — Application for registration
Section 333 — Switching over of regimes
Section 334 — Tax on income of registered non-profit organisation
Section 335 — Regular income
Section 336 — Taxable regular income
Section 337 — Specified income
Section 338 — Income not to be included in regular income
Section 339 — Corpus donation
Section 340 — Deemed corpus donation
Section 341 — Application of income
Section 342 — Accumulated income
Section 343 — Deemed accumulated income
Section 344 — Business undertaking held as property
Section 345 — Restriction on commercial activities by a registered non-profit organisation
Section 346 — Restriction on commercial activities by registered non-profit organisation, carrying out advancement of any other object of general public utility
Section 347 — Books of account
Section 348 — Audit
Section 349 — Return of income
Section 350 — Permitted modes of investment
Section 351 — Specified violation
Section 352 — Tax on accreted income
Section 353 — Other violations
Section 354 — Application for approval for purpose of section 133(1)(b)(ii)
Section 355 — Interpretation