https://www.taxtmi.com/caselaws?id=9046 The High Court of Allahabad dismissed the petition, affirming the applicability of Section 182(4) of the Income-tax Act for recovering tax from a partner in a registered firm. The court emphasized the joint and several liability of partners in cases of dissolution, clarifying that the firm can be held liable for the tax due from a partner, limited to 30% of the defaulting partner's share in the profits. The judgment provided a comprehensive analysis of the legal provisions, establishing a precedent for tax recovery in dissolved firms. en-us Thu, 07 Sep 1972 00:00:00 +0530 Thu, 18 Jun 2009 19:08:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9046 The High Court of Allahabad dismissed the petition, affirming the applicability of Section 182(4) of the Income-tax Act for recovering tax from a partner in a registered firm. The court emphasized the joint and several liability of partners in cases of dissolution, clarifying that the firm can be held liable for the tax due from a partner, limited to 30% of the defaulting partner's share in the profits. The judgment provided a comprehensive analysis of the legal provisions, establishing a precedent for tax recovery in dissolved firms. Case-Laws Income Tax Thu, 07 Sep 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9046