We've upgraded AI Search on TaxTMI with two powerful modes:
1. Basic • Quick overview summary answering your query with references• Category-wise results to explore all relevant documents on TaxTMI
2. Advanced • Includes everything in Basic • Detailed report covering: - Overview Summary - Governing Provisions [Acts, Notifications, Circulars] - Relevant Case Laws - Tariff / Classification / HSN - Expert views from TaxTMI - Practical Guidance with immediate steps and dispute strategy
• Also highlights how each document is relevant to your query, helping you quickly understand key insights without reading the full text.Help Us Improve - by giving the rating with each AI Result:
Liability of guardians and trustees: personal liability for tax, interest and penalties when managing business for incapacitated persons. Where a business is carried on by a guardian, trustee or agent for a minor or other incapacitated person, the liability for tax, interest or penalty shall be levied upon and recoverable from that guardian, trustee or agent in the same manner and to the same extent as if the minor or incapacitated person were a major and conducting the business himself, with all provisions of the Act and rules applying accordingly.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
<h1>Liability of guardians and trustees: personal liability for tax, interest and penalties when managing business for incapacitated persons.</h1> Where a business is carried on by a guardian, trustee or agent for a minor or other incapacitated person, the liability for tax, interest or penalty shall be levied upon and recoverable from that guardian, trustee or agent in the same manner and to the same extent as if the minor or incapacitated person were a major and conducting the business himself, with all provisions of the Act and rules applying accordingly.
TaxTMI 
• Category-wise results to explore all relevant documents on TaxTMI
Help Us Improve - by giving the rating with each AI Result:
TaxTMI 
TaxTMI 
