(1) An assessee closes his accounts on 31" March 2016 (2) A newly started business, commencing on the auspicious day of Diwali in 2016 ( 3rd November, 2016) (3) A new house construction was completed on 30th September 2016, but it is actually let out from 1-December 2016 Required: (a) Provide the previous year and the assessment year in the above cases. (b) Explain Assessment year and Previous year with suitable examples. (3 marks) (4 marks)