Information to be furnished regarding change of business

If any proprietor,— (a) sells or otherwise disposes of his business or any place of business; or (b) discontinues or transfers his business or changes his place of business or opens a new place of business; or (c) changes the name, constitution or nature of his business; or (d) appoints an agent, he shall inform the Commissioner in this regard in such manner, as may be prescribed. In case of death of a proprietor, his legal representative shall inform the Commissioner in such manner, as may be prescribed: Provided that if a proprietor or his legal representative, as the case may be, fails to inform the Commissioner in respect of the changes, then, notwithstanding any such change, the tax due from such proprietor, shall be recovered as if no change has taken place: Provided further that in the case of transfer of business, the transferee or his successor, as the case may be, shall also be liable to pay the tax, due under this Act.