TMI BlogLiability in case of transfer of businessX X X X Extracts X X X X X X X X Extracts X X X X ..... ness in whole or in part, by sale, gift, lease, leave and license, hire or in any other manner whatsoever, the taxable person and the person to whom the business is so transferred shall jointly and severally be liable wholly or, as the case may be, to the extent of such transfer, to pay the tax, interest or any penalty due from the taxable person up to the time of such transfer, whether such tax, ..... X X X X Extracts X X X X X X X X Extracts X X X X
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