Section 504 of Income Tax Act, 2025 : Service of notice in case of discontinued business.
Where an assessment is to be made under section 320, the Assessing Officer may serve on the—(a) person whose income is to be assessed; or(b) person who was a member of a firm or association of persons at the time of its discontinuance, in the case of a firm or an association of persons; or(c) […]