https://www.taxtmi.com/caselaws?id=369795 The former partners of a partnership firm faced tax demands despite claiming retirement. The Revenue authorities attached the firm's bank accounts for recovery. The department invoked section 188A of the Income Tax Act, raising a substantial tax amount against the former partners. The partners argued for recovery efforts to focus on the firm and current partners first. The Commissioner (Appeals) granted a stay against recovery, allowing installment payments by the firm. The case concluded with the understanding that no further recoveries would be made from the former partners if the firm complied with the installment conditions and stay pending appeal. en-us Mon, 29 Oct 2018 00:00:00 +0530 Fri, 02 Nov 2018 17:33:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=369795 The former partners of a partnership firm faced tax demands despite claiming retirement. The Revenue authorities attached the firm's bank accounts for recovery. The department invoked section 188A of the Income Tax Act, raising a substantial tax amount against the former partners. The partners argued for recovery efforts to focus on the firm and current partners first. The Commissioner (Appeals) granted a stay against recovery, allowing installment payments by the firm. The case concluded with the understanding that no further recoveries would be made from the former partners if the firm complied with the installment conditions and stay pending appeal. Case-Laws Income Tax Mon, 29 Oct 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=369795