can assessment u/s 147 be opened on firm after its disolution , for AY in which it was in existance.?? if yes , then who shall be liable u/s which section?
eg:- if xyz a firm, dissolved on 1/4/10 n notice to assessment u/s 147 for AY 07-08 relevant to PY 06-07came on 1/8/10 then
pls tell me to whom AO. will serve a notice? is assessment is posible? who will be liable for tax payable?
Dear Unika
The AO has every power to send the notice to the firm(dissolved) subject to fulfillment of section 147. Every person who were partners in the dissolved firm is liable.
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