Liability of guardians and trustees: tax obligations attach to those managing a minor's or incapacitated person's business. Where a business liable to tax is carried on or is in the charge of a guardian, trustee or agent for a minor or other incapacitated person, the guardian, trustee or agent is liable for tax, interest and penalty in like manner and to the same extent as if the minor or incapacitated person were of full age and sound mind conducting the business, and the provisions of the Act 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: tax obligations attach to those managing a minor's or incapacitated person's business.
Where a business liable to tax is carried on or is in the charge of a guardian, trustee or agent for a minor or other incapacitated person, the guardian, trustee or agent is liable for tax, interest and penalty in like manner and to the same extent as if the minor or incapacitated person were of full age and sound mind conducting the business, and the provisions of the Act apply accordingly.
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