https://www.taxtmi.com/acts?id=36087 Where a person dies, the legal representative is liable for sums the deceased would have owed, with penalty liability only if imposed before death. Proceedings for disgorgement, refund or recovery (excluding penalty proceedings) pending against the deceased are continued against, or may be initiated against, the legal representative; all provisions of the Act apply. A legal representative who charges, disposes of, or parts with estate assets while liability remains undischarged is personally liable limited to the value of those assets, and overall liability is limited to the estate's capacity to meet the obligation. en-us Wed, 27 Feb 2019 10:28:45 +0530 Sat, 05 Jul 2025 11:25:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36087 Where a person dies, the legal representative is liable for sums the deceased would have owed, with penalty liability only if imposed before death. Proceedings for disgorgement, refund or recovery (excluding penalty proceedings) pending against the deceased are continued against, or may be initiated against, the legal representative; all provisions of the Act apply. A legal representative who charges, disposes of, or parts with estate assets while liability remains undischarged is personally liable limited to the value of those assets, and overall liability is limited to the estate's capacity to meet the obligation. Act-Rules SEBI Wed, 27 Feb 2019 10:28:45 +0530 https://www.taxtmi.com/acts?id=36087