https://www.taxtmi.com/acts?id=46341 Inserted provisions (sections 12A-12F) create joint and several tax liability on transferors and transferees, require liquidators and receivers to notify appointment and to set aside amounts notified by the Commissioner before disposing assets, impose personal liability on defaulting liquidators and joint director liability for unrecoverable tax unless rebutted for lack of gross negligence or misfeasance, make partners, guardians, trustees and court-appointed managers liable as dealers, and preserve assessment and recovery against discontinued or reconstituted firms and legal representatives after death. en-us Wed, 18 Dec 2024 12:11:10 +0530 Wed, 18 Dec 2024 12:11:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/acts?id=46341 Inserted provisions (sections 12A-12F) create joint and several tax liability on transferors and transferees, require liquidators and receivers to notify appointment and to set aside amounts notified by the Commissioner before disposing assets, impose personal liability on defaulting liquidators and joint director liability for unrecoverable tax unless rebutted for lack of gross negligence or misfeasance, make partners, guardians, trustees and court-appointed managers liable as dealers, and preserve assessment and recovery against discontinued or reconstituted firms and legal representatives after death. Act-Rules F. Acts / Amendment Acts Wed, 18 Dec 2024 12:11:10 +0530 https://www.taxtmi.com/acts?id=46341