https://www.taxtmi.com/caselaws?id=35851 The court ruled in favor of the petitioner, a partner in a dissolved firm, in a dispute over a notice demanding payment under s. 182(4) of the Income Tax Act. The court held that the liability of the firm under s. 182(4) is limited to 30% of the partner's share income. It also determined that the firm's payments towards the deceased partner's tax exceeded this liability, quashing the order for the remaining balance. The court emphasized the joint and several liability of partners even after firm dissolution and directed the tax authorities to issue a fresh demand for the outstanding amount owed by the firm. en-us Thu, 02 Mar 1978 00:00:00 +0530 Wed, 17 Mar 2010 11:55:24 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=35851 The court ruled in favor of the petitioner, a partner in a dissolved firm, in a dispute over a notice demanding payment under s. 182(4) of the Income Tax Act. The court held that the liability of the firm under s. 182(4) is limited to 30% of the partner's share income. It also determined that the firm's payments towards the deceased partner's tax exceeded this liability, quashing the order for the remaining balance. The court emphasized the joint and several liability of partners even after firm dissolution and directed the tax authorities to issue a fresh demand for the outstanding amount owed by the firm. Case-Laws Income Tax Thu, 02 Mar 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=35851