Q726
In which of the following cases, Assessing Officer has the discretion to assess the income of the previous year in the previous year or in the subsequent assessment year?
A.
Shipping business of non-residents
B.
Association of Persons (AOP) or Body of Individuals (BOI) formed for a particular event or purpose
C.
Assessment of persons likely to transfer property to avoid tax
D.
Discontinued business
AnswerAnswer: Option D
Solution
Answer: Option D
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