328Succession of one firm by another firm.
Section 328 · Chapter XVII · A.—Association of persons, firm, Hindu undivided family, etc. — 15.—Change in constitution, succession and dissolution · page 392 of the Act
Where a firm carrying on a business or profession is succeeded by another firm, except in a case covered by section 327, separate assessments shall be made on the predecessor firm and the successor firm as per the provisions of section 313.