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Section 188: Succession of one firm by another firm

The Income-tax Act, 1961Central Act · Act 43 of 1961

Repealed. This text is published for reference. It is not in force, and it should not be relied on as current law without checking what replaced it. Repealed by the Income-tax Act, 2025, with effect from 1 April 2026

Succession of one firm by another firm.

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 assessments shall be made on the predecessor firm and the successor firm in accordance with the provisions of section 170.

Where this provision sits

ActThe Income-tax Act, 1961
Section188
Marginal noteSuccession of one firm by another firm
JurisdictionCentral
StatusRepealed

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