Amendment status not verified — confirm the current text below against the official source.
Notwithstonding ony controct to the controry ond ony other low lor the time being in force, where ony firm is lioble to poy ony tox, interest or penolty under thisAct, the firm ond eoch of the portners of the firm sholl, jointly ond severolly, be lioble for such poyment : Provided thot where ony portner retiresfrom the firm, he or thefirm, sholl intimote the dote ol retirement of the soid portner to the Commissioner by o notice in thot beholf in writing ond such portner sholl be lioble to poy tox, interest or penolty due upto the dote of his retirement whether determined or not, on thot dote : Liobility ol portners of firm to poy tox. 231 Provided further thot if no such intimotion is given within one month from the dote of retirement, the liobility of such portner under the first proviso sholl continue until the dote on which such intimotion is received by the Commissioner.