Some Exceptional Cases Where Income Is Assessed In The Same Previous Year In Which It Is Earned

• Income from Shipping Business of Non-Residents (Section 172)

• Assessment of a Person leaving India (Section 174)

• Assessment of a Person likely to transfer property to avoid Tax (Section 175)

• Assessment of Income of Discontinued Business (Section 176)

Conclusiveness of “Certificate of Incorporation”- Sec.35; Companies Act,1956

Once an association attains Certificate of Incorporation; no inquiry shall be held justifiable for checking the particulars behind the certificate since same shall be deemed to be genuine and correct.

The Company that has once gained Certificate of Incorporation can not be challenged in any court for the same

Certificate of Incorporation once issued signifies:

• Concerned organization is eligible to be registered
• Concerned organization is registered under Companies Act,1956
• All requirements have been fulfilled