(1)Irrespective of anything contained in the section 4, where it appears to the Assessing Officer that any association of persons or formed or a body of established or incorporated for a particular event or purpose in a tax year is likely to be dissolved in the same year or immediately after such year, the total income of such association or body or juridical person for the period beginning from the first day of that tax year up to the date of its dissolution shall be chargeable to tax in that tax year.
