Part of: Section 189 — Firm dissolved or business discontinued
(1) Where any business or profession carried on by a firm has been discontinued or where a firm is dissolved, the 4[Assessing Officer] shall make an assessment of the total income of the firm as if no such di scontinuance or dissolution had taken place, and all the provisions of this Act, including the provisions relating to the levy of a penalty or any other sum chargeable under any provision of this Act, shall apply, so far as may be, to such assessment.