Section 189 - Assessment of Tax in respect of Formation of New Successor Firm
In cases where it appears at the time of assessment of tax of a firm that the new firm has been established as a successor to the firm concerned and the assessment of which cannot be assessed under section 188, in the light of the assessment provisions of succession of business under section 190 separate tax has to be assessed for predecessor firm and successor firm.
Note: This is unofficial English translation. In the event of a conflict between the information on this website and the original Government publications or notifications of laws, rules, regulations, and SROs, the Government publications or notifications shall prevail. Moreover, as per Section 345(2) of the Income Tax Act 2023, if there is a conflict between the English and Bengali text, the Bengali text shall prevail.