https://www.taxtmi.com/highlights?id=54865 Demand in respect of firm raised in the name of Partner - In the light of the legal nature of a partnership firm, a demand raised on the managing partner can never be vis ualised as a wrong fixation of liability. It can only be seen as a demand made on the person who is managing the affairs of the firm, for and on behalf of all its partners. Such a demand does not in any way amount to a conclusion that the claim against the other partners has been given up, since the liability of the partners is joint and several. - HC en-us Tue, 22 Sep 2020 09:37:27 +0530 Tue, 22 Sep 2020 09:37:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=54865 Demand in respect of firm raised in the name of Partner - In the light of the legal nature of a partnership firm, a demand raised on the managing partner can never be vis ualised as a wrong fixation of liability. It can only be seen as a demand made on the person who is managing the affairs of the firm, for and on behalf of all its partners. Such a demand does not in any way amount to a conclusion that the claim against the other partners has been given up, since the liability of the partners is joint and several. - HC Highlights Income Tax Tue, 22 Sep 2020 09:37:27 +0530 https://www.taxtmi.com/highlights?id=54865