CASES

. ( l) Where a taxable p;san, liable to pay tax under thisAct, transfers his bQSiness in whole or in part, by· sale, gift, lease, leave and license, hire .or in any other manner whatsoever, the taxable person and the ?n to whom the business is so transferred shall. jointly and severally, beliablewhollyortotheextentofsuchtransfer,topaythe tax, interest or any penalty due from the taxable person up to the time of such transfer, whether such tax, interest or penalty has been determined before such transfer, but has remained unpaid or is determined thereafter. (2) Where the transferee of a business referred to in sub- section ( l) carries on such business either in his own name or. in some other name, he shall be liable to pay tax on the supply of goods or services or both effected by him with etfect &om the date of such transfer and shall. ifhe is a registaed persou under this ?,apply Within the presaibed time for amendmalt ofms certificate of registration. Liability in case of transfer of busineSS.