Joint and several liability for partners requires retirement notice to the Commissioner to end tax obligations after departure. Where a firm is liable for tax, interest or penalty, the firm and each partner are jointly and severally liable. A retiring partner remains liable for obligations up to the date of retirement unless the firm or the partner gives written notice to the Commissioner; if no intimation is received within one month of retirement, the retiring partner's liability continues until the Commissioner receives the notice.
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Provisions expressly mentioned in the judgment/order text.
Joint and several liability for partners requires retirement notice to the Commissioner to end tax obligations after departure.
Where a firm is liable for tax, interest or penalty, the firm and each partner are jointly and severally liable. A retiring partner remains liable for obligations up to the date of retirement unless the firm or the partner gives written notice to the Commissioner; if no intimation is received within one month of retirement, the retiring partner's liability continues until the Commissioner receives the notice.
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