RULE 5

(1) Where any business carried on by a firm, a Hindu undivided family or anassociation has been discontinued or dissolved, the assessing authority shall make an assessment undersection 8 of the Act on the firm, the Hindu undivided family or association as if no such discontinuance ordissolution had taken place, and all the provisions of the Act including the provisions relating to thelevy of penalty or any other sum chargeable under the provisions of the Act shall apply, so far as may be to such assessment. (2)Every person who was at the time of such discontinuance or dissolution, a partner ofsuch firm or a member of such Hindu undivided family or association and legal representative of anysuch persons who is deceased shalt be jointly and severatly liable for the amount of the tax, penaltyor other sum payable and all the provisions of the Act, so far as may be, shall apply to any such assessment or levy of penalty or other sum.