Successor liability for tax: estate, continuators and successors bear tax obligations after death, partition, dissolution, or termination. Special provisions impose successor liability for tax, interest and penalty subject to the Insolvency and Bankruptcy Code exception: on death, continuators or legal representatives are liable or the estate is liable to the extent it can meet the charge; on partition of an HUF or association, members are jointly and severally liable for liabilities up to partition; on firm dissolution, former partners are jointly and severally liable for liabilities up to dissolution; on termination of guardianship or trust, the ward or beneficiary is liable for liabilities up to termination.
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.
Successor liability for tax: estate, continuators and successors bear tax obligations after death, partition, dissolution, or termination.
Special provisions impose successor liability for tax, interest and penalty subject to the Insolvency and Bankruptcy Code exception: on death, continuators or legal representatives are liable or the estate is liable to the extent it can meet the charge; on partition of an HUF or association, members are jointly and severally liable for liabilities up to partition; on firm dissolution, former partners are jointly and severally liable for liabilities up to dissolution; on termination of guardianship or trust, the ward or beneficiary is liable for liabilities up to termination.
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