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In which of the following cases, Assessing officer has the discretion to assess the income of the previous year in the previous year or in the subsequent assessment year ?

A Shipping business of non-residents

B Association of Persons (AOP) or Body of Individuals (BOI) formed for a particular event or purpose

C Assessment of persons likely to transfer property to avoid tax

D Discontinued business

Answer & Explanation
Answer:Discontinued business

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