Joint and several liability: partners share responsibility where a firm owes tax, with retiring partners liable until notice is received. Liability of partners is joint and several with the firm for tax, interest or penalty under the Act regardless of contract or other law. A retiring partner remains liable for dues up to the retirement date unless the firm or partner gives written intimation of retirement to the tax authority; failure to intimate within one month extends the partner's liability until the notice is received.
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.
Joint and several liability: partners share responsibility where a firm owes tax, with retiring partners liable until notice is received.
Liability of partners is joint and several with the firm for tax, interest or penalty under the Act regardless of contract or other law. A retiring partner remains liable for dues up to the retirement date unless the firm or partner gives written intimation of retirement to the tax authority; failure to intimate within one month extends the partner's liability until the notice is received.
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