https://www.taxtmi.com/caselaws?id=156182 A deed that described outgoing partners as retiring partners, preserved the firm's name, assets and business, and left the undertaking to the continuing partners was treated as a retirement arrangement, not a dissolution of the firm. Under the Gujarat Sales Tax Act, partners remained jointly and severally liable unless a retiring partner gave written intimation of retirement to the Commissioner within the prescribed period. A private agreement allocating tax liability to the continuing partners could not override that statutory scheme. As no timely intimation was given, the retiring partners continued to bear the firm's sales tax liability. en-us Fri, 15 Mar 1991 00:00:00 +0530 Mon, 16 Sep 2013 11:56:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=156182 A deed that described outgoing partners as retiring partners, preserved the firm's name, assets and business, and left the undertaking to the continuing partners was treated as a retirement arrangement, not a dissolution of the firm. Under the Gujarat Sales Tax Act, partners remained jointly and severally liable unless a retiring partner gave written intimation of retirement to the Commissioner within the prescribed period. A private agreement allocating tax liability to the continuing partners could not override that statutory scheme. As no timely intimation was given, the retiring partners continued to bear the firm's sales tax liability. Case-Laws VAT and Sales Tax Fri, 15 Mar 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=156182