.

(1)<, ?ve as. o.yt?rwi$C prqvid?d in the Insolvencr::?d . . .B?ptcy Co?}J:tl6,where a person, lia?le. tQ3 PV .? interest W penaJty'under this Act, dies, thf:.p-. ? V ? '.. ' :I' . ,/·., • .•; . . ' . ·._.;_.,_,: ·,.,. : .•. ·: • ( a) if a business cal.lied on ? the person is ?ptimied after his death by,his legal representative Ol'·:fIIY other person, such legal representative or other person. shallbe liable·w payt-., interestdt penalty due from such persoll under this·A? and Liability of partners am firm to pay tax. Llability of guardians. trustees etc. Liability of Court of Wards etc. Special provisions regarding liability to pa, tax, interest or penalty iJ! certain cases. 31 of2016 31 of2016 , 31 of2016 103 (b) . ifthe b?ss !. ?ied on by the ;?rson is discontinued.. ?ther. before. or aftei .l.J.j.s death, his1eg? J'.9)?e? be?? to pay, out of the estate of the deceased, to the extentto which • - - I the ?·li5 ????g the?e, the tax, interest, ?I" p?@ty;dμ.e from such person under this Ac4 .•... ' ' ,, l , . a··.·: whether such tax. lnte?for penalty hasbeen deterrliined ? his death but has remained unpaid or is determined after-.his death. ',:- . (2) 1Save -as oth? pro?(,1¢d in tile Insolvency and B?ptcy q,de,,20? wb.?fe .a ?e person. liable to pay tax, ipterest ? ?ty ?r ?i?? is a Hindu ?vid.ed 4miJy 01' an:asspciatiBn qt ?ns andthe ?pertyoftlleHin?uundivu¥df.aniwsrrw-e?on . of persons is parti.tion? ?ongst tlisXH!ous members or. ?up$,, '?f m?bers. .. ?,n,_ each -? ? group Jlf J):Jembers_,?, JOintly,ai,id ?.-? liable to pay the tax. ?t or penf}ty due froin the,jaxable person · under_Jlj_i?),\ct 'W ? the ti?? oftlie ?on whether such tax. penalty<>! inte.test? l>een iete:rmined before partition buthas reinairled uft'paid orisdefermined after · the partition. (3) ·_s.e .as.,-???- .prQl'i? ? tht: J;??cy .? ,!;'=!?Yi?:r??ii???;t;?d:::?·?n?=· . ?d the firmjs diswfyf!d. ffi?.,?ery persop who was a .• shaDi{MS??£; penalty lias been determined before the dissolution,_ but ?as remained unpaid oris deti!i-mined ·a,ftel: dissolution.r ?. _::rr·· ;- _ _ _ )t5 (4) Save. as otherwise ?,-• 1-J,lnsolvency and Bankruptcy Code, 2Ql(;, wh,« a taxable person liable to i,ay: tax. interest or pelMJlty,μnder this Act.?. (a) is the guarCllilll ·.··??a,1\\1ari{_<>ll _wbose behalf the business is camed'on ?Y theptdiail; or ,f; ,.\,. (b) is a trustee wl}.o carries on thebusiness under a trust for a beneficiary, then, ·if tl'le gti?rdfanshlp or ttust. U terminated,. the -ward or the beneficiary' shall 'be liable· to ·pily'the tax, interest· or penalty due from the taxable person 1.ip te·1tlie time of tluvtenriination ofthe guardianship or trust, whether such ? interest or penalty has been deter,:μ?'4, befor?, the ?tlllin,ation of ?ardiatla.lup-qr trust· but has remained unpaid or is determined thereafter. 7430£2012 104