Liability of guardians and trustees: representatives are directly accountable for tax, interest and penalty when operating business for incapacitated persons. Where a guardian, trustee or agent carries on a business for a minor or other incapacitated person, tax, interest and penalty are to be levied upon and recovered from that guardian, trustee or agent in the same manner and to the same extent as if the incapacitated person were a major conducting the business, and all provisions of the Act and rules apply 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.
Liability of guardians and trustees: representatives are directly accountable for tax, interest and penalty when operating business for incapacitated persons.
Where a guardian, trustee or agent carries on a business for a minor or other incapacitated person, tax, interest and penalty are to be levied upon and recovered from that guardian, trustee or agent in the same manner and to the same extent as if the incapacitated person were a major conducting the business, and all provisions of the Act and rules apply accordingly.
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