Partners Share Liability Equally with Firm for Penalties, Distributed by Ratio; Cannot Be Treated Differently from Firm.

Partners Share Liability Equally with Firm for Penalties, Distributed by Ratio; Cannot Be Treated Differently from Firm. https://www.taxtmi.com/highlights?id=32560 Imposition of penalty - If any liability arises against the partnership firm i.e. shifted on partners of partnership firm in the sharing ratio of the partners, therefore, the partners cannot be treated different then the partnership firm - AT en-us Tue, 27 Dec 2016 17:06:54 +0530 Tue, 27 Dec 2016 17:06:54 +0530 TaxTMI RSS Generator Partners Share Liability Equally with Firm for Penalties, Distributed by Ratio; Cannot Be Treated Differently from Firm. https://www.taxtmi.com/highlights?id=32560 Imposition of penalty - If any liability arises against the partnership firm i.e. shifted on partners of partnership firm in the sharing ratio of the partners, therefore, the partners cannot be treated different then the partnership firm - AT Highlights Customs Tue, 27 Dec 2016 17:06:54 +0530 https://www.taxtmi.com/highlights?id=32560