https://www.taxtmi.com/caselaws?id=23283 The court upheld the validity of the notice issued under section 226(3) of the Income-tax Act, 1961, to prevent the transfer of property due to tax default by a partnership firm. It clarified that partners are jointly and severally liable for the firm's debts, and the notice was valid in preventing tax evasion. The court emphasized that the notice only attached the firm's property, not individual partner's assets. The petition challenging the notice was dismissed without costs, highlighting the importance of adhering to legal procedures in tax recovery matters involving partnerships and individual partners. en-us Tue, 07 Aug 1990 00:00:00 +0530 Fri, 18 Dec 2009 11:01:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=23283 The court upheld the validity of the notice issued under section 226(3) of the Income-tax Act, 1961, to prevent the transfer of property due to tax default by a partnership firm. It clarified that partners are jointly and severally liable for the firm's debts, and the notice was valid in preventing tax evasion. The court emphasized that the notice only attached the firm's property, not individual partner's assets. The petition challenging the notice was dismissed without costs, highlighting the importance of adhering to legal procedures in tax recovery matters involving partnerships and individual partners. Case-Laws Income Tax Tue, 07 Aug 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=23283