Amendment status not verified — confirm the current text below against the official source.
Recovery of tax where trade, calling etc .. of employer is transferred - Where the ownership of the profession, trade, calling or employment of an assessee liable to pay tax is transferred, any tax, penalty or interest or other amount payable under this Act, in respect of such business and remaining unpaid at the time of the transfer, may without prejudice to any action that may be taken for its recovery from the transferor, be recoverable from the transferee as if he were the assessee liable to pay such tax, penalty or interest or other amount. (2) The Commissioner or the prescribed authority may amend or revoke· any such notice, or extend the time for making any payment in pursuance of the notice. (3) Any person making any payment in compliance with a notice under this- secuon shall be deemed to have made the payment under Lile authority of the assessee and the receipt of (he prescribed authority shall constitute a good and sufficient discharge of the liability of such a person, to the extent of the amount referred to in the receipt (4) Any person discharging any liability to the assessee after receipt of the notice referred to in this section, shall be personally liable lo the prescribed authority to the extent ofliability discharged, or the extent of the liability of the assessee for the amount due under this Act, whichever is less. (5) Where any person to whom a notice under this section is sent proves to the satisfaction of the prescribed authority that the sum demanded or any part thereof is not due by him to the assessee or that be does not bold any money for or on account of the assessee then nothing contained in this section shall be deemed to require such person to pay any such stun or part thereof. as the case may be, to the prescribed authority. (6J Any amount of money which a person is required to pay to the prescribed authority or for which he is personally liable to the prescribed authority under this section, shall if it. remains unpaid be recoverable as an arrear of land revenue. 29