https://www.taxtmi.com/acts?id=36089 Where a person dies, the deceased's legal representative is liable for sums the deceased would have owed, but penalty liability arises only if imposed before death. Disgorgement, refund and recovery proceedings (excluding penalty proceedings) pending against the deceased at death are continued against the legal representative or may be initiated against them as if initiated against the deceased. A legal representative who charges, disposes of or parts with estate assets while liability remains undischarged is personally liable, limited to the value of the asset affected, and overall liability is limited to the estate's capacity to meet it. en-us Wed, 27 Feb 2019 11:12:02 +0530 Fri, 04 Jul 2025 13:02:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=36089 Where a person dies, the deceased's legal representative is liable for sums the deceased would have owed, but penalty liability arises only if imposed before death. Disgorgement, refund and recovery proceedings (excluding penalty proceedings) pending against the deceased at death are continued against the legal representative or may be initiated against them as if initiated against the deceased. A legal representative who charges, disposes of or parts with estate assets while liability remains undischarged is personally liable, limited to the value of the asset affected, and overall liability is limited to the estate's capacity to meet it. Act-Rules SEBI Wed, 27 Feb 2019 11:12:02 +0530 https://www.taxtmi.com/acts?id=36089