Liability of estate custodians: custodians bear tax, interest and penalty obligations as if the taxable person operated the business. Where an estate or portion of an estate of a taxable person carrying on business is under control of the Court of Wards, Administrator General, Official ... Summary
Liability of estate custodians: custodians bear tax, interest and penalty obligations as if the taxable person operated the business.
Where an estate or portion of an estate of a taxable person carrying on business is under control of the Court of Wards, Administrator General, Official Trustee, or a court-appointed receiver or manager (including any person who in fact manages the business), tax, interest and penalty under the Act shall be levied upon and recoverable from that custodian to the same extent and in the same manner as from the taxable person, and all provisions of the Act and rules apply accordingly.
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