Joint and several liability of partners extends to firm tax, penalties and other sums for the relevant assessment year. Partners who were members of a firm during the relevant previous year, and the legal representatives of any deceased partners, are jointly and severally liable with the firm for tax, penalty or other sums payable by the firm for the corresponding assessment year; all applicable provisions of the Income-tax Act apply to the assessment, imposition and levy of those amounts on such persons.
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Provisions expressly mentioned in the judgment/order text.
Joint and several liability of partners extends to firm tax, penalties and other sums for the relevant assessment year.
Partners who were members of a firm during the relevant previous year, and the legal representatives of any deceased partners, are jointly and severally liable with the firm for tax, penalty or other sums payable by the firm for the corresponding assessment year; all applicable provisions of the Income-tax Act apply to the assessment, imposition and levy of those amounts on such persons.
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