https://www.taxtmi.com/acts?id=3174 Where income from an asset or from membership in a firm of a person other than the assessee is included in the assessee's total income, the person in whose name the asset stands or the firm member shall be liable, on service of a notice of demand by the Assessing Officer, to pay the portion of tax attributable to that included income; if an asset is held jointly, holders are jointly and severally liable. en-us Sat, 19 Jan 2008 22:45:54 +0530 Thu, 28 Aug 2025 11:51:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=3174 Where income from an asset or from membership in a firm of a person other than the assessee is included in the assessee's total income, the person in whose name the asset stands or the firm member shall be liable, on service of a notice of demand by the Assessing Officer, to pay the portion of tax attributable to that included income; if an asset is held jointly, holders are jointly and severally liable. Act-Rules Income Tax Sat, 19 Jan 2008 22:45:54 +0530 https://www.taxtmi.com/acts?id=3174