Joint and several liability: partners remain responsible for firm tax obligations unless timely written retirement notice is given.

Where a firm is liable to pay tax, interest or penalty under the Act, the firm and each partner are jointly and severally liable; a retiring partner remains liable for amounts due up to the date of retirement unless the partner or firm gives written intimation of retirement to the Commissioner, and absence of timely intimation prolongs that liability until the Commissioner receives the notice.

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