Section 52 - Amendment of section 189 - Taxation Laws (Amendment) Act, 1975

52. Amendment of section 189. In section 189 of the Income-tax Act, in sub-section (3), the following Explanation shall be inserted, namely: Explanation. The amount of tax referred to in this sub-section shall also include that part of the share of each partner in the income of the firm before its discontinuance or dissolution which the firm could have retained under sub-section (4) of section 182 but which has not been so retained. .