https://www.taxtmi.com/article/detailed?id=900 Section 52 empowers the Central Government, on receipt of an inspector's report, to bring civil proceedings in the public interest for (a) recovery of damages for fraud, misfeasance or other misconduct connected with promotion, formation or management of a limited liability partnership or other investigated entity, and (b) recovery of property of such LLP or entity that has been misapplied or wrongfully retained. Proceedings are to be brought against the LLP or entity itself, not individual partners, and the Government generally bears the cost of recovery actions. en-us Tue, 10 Aug 2010 17:48:42 +0530 Tue, 10 Aug 2010 21:43:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=900 Section 52 empowers the Central Government, on receipt of an inspector's report, to bring civil proceedings in the public interest for (a) recovery of damages for fraud, misfeasance or other misconduct connected with promotion, formation or management of a limited liability partnership or other investigated entity, and (b) recovery of property of such LLP or entity that has been misapplied or wrongfully retained. Proceedings are to be brought against the LLP or entity itself, not individual partners, and the Government generally bears the cost of recovery actions. Articles Limited Liability Partnership - LLP Tue, 10 Aug 2010 17:48:42 +0530 https://www.taxtmi.com/article/detailed?id=900