https://www.taxtmi.com/acts?id=21642 Section 114 imposes successor liability for tax, interest and penalty: legal representatives or successors who continue or inherit a deceased person's business, members after partition of an HUF or association, former partners on firm dissolution, and wards or beneficiaries on termination of guardianship or trust are liable for liabilities incurred up to the relevant event, whether determined before or after that event. en-us Wed, 15 Jun 2016 15:27:56 +0530 Thu, 16 Jun 2016 14:27:47 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=21642 Section 114 imposes successor liability for tax, interest and penalty: legal representatives or successors who continue or inherit a deceased person's business, members after partition of an HUF or association, former partners on firm dissolution, and wards or beneficiaries on termination of guardianship or trust are liable for liabilities incurred up to the relevant event, whether determined before or after that event. Act-Rules Bills Wed, 15 Jun 2016 15:27:56 +0530 https://www.taxtmi.com/acts?id=21642