Joint and several liability makes each partner personally responsible for firm tax obligations unless timely retirement notice is given. Liability for tax under the Delhi Value Added Tax Act is joint and several: the firm and each partner are personally liable for tax, interest and penalty; a retiring partner remains liable for unpaid or unassessed amounts up to retirement unless the partner gives written notice of retirement to the Commissioner, and failure to intimate within fifteen days prolongs the retiring partner's liability until receipt of such notice.
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 makes each partner personally responsible for firm tax obligations unless timely retirement notice is given.
Liability for tax under the Delhi Value Added Tax Act is joint and several: the firm and each partner are personally liable for tax, interest and penalty; a retiring partner remains liable for unpaid or unassessed amounts up to retirement unless the partner gives written notice of retirement to the Commissioner, and failure to intimate within fifteen days prolongs the retiring partner's liability until receipt of such notice.
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