13. SITUATIONS WHEN INCOME IS
TAXED IN SAME PREVIOUS YEAR:
Five such cases are listed below:
1. Section 172 : Shipping business income of non-resident
ship-owners.
2. Section 174: In cases of persons leaving India.
3. Section 174A: Assessment of any association of persons, body of
individuals or Artificial Juridical person formed or established only for
a limited perio.
4. 175: In case of persons who are likely to transfer their assets to
avoid tax.
5. Section 176: In case of discontinued business.