Section 28 in The Bengal Agricultural Income-Tax Act, 1944
28. Assessment in case of discontinued Firm or Association.
(1)Where agricultural income is received by a company, firm or [association of persons] [substituted by W.B. Act 3 of 1949.] and the business through which such agricultural income is received by such company, firm or association is discontinued in any year, an assessment may be made in that year on the basis of J the agricultural income received during the period between the end of the previous year and the date of such discontinuance in addition to the assessment, if any, made on the basis of the agricultural income so received in the previous year.(2)Any person discontinuing any such business shall give to the Agricultural Income-tax Officer notice of such discontinuance within thirty days thereof, and where any person fails to give the notice required by this sub-section, the Agricultural Income-tax Officer may direct that a sum shall be recovered from him by way of penalty not exceeding the amount of agricultural income-tax subsequently assessed on him in respect of any agricultural income of the company, firm or [association of persons] [substituted by W.B. Act 3 of 1949.] up to the date of the discontinuance of its business.
