49. Tax payable by transferee of business.

{
    "act_title": "The Chhattisgarh Vanijyik Kar Adhiniyam, 1994",
    "act_slug": "the-chhattisgarh-vanijyik-kar-adhiniyam-1994",
    "section_label": "Section",
    "section": {
        "number": "49",
        "title": "49. Tax payable by transferee of business.",
        "chapter": null,
        "content": "(a) the tax payable under this Act by such firm, association or family for the period upto the date of such discontinuance may be assessed and determined as if no such discontinuance had taken place; and\n(b) every person who was at the time of such discontinuance a partner of such firm or a member of such association or family shall notwithstanding such discontinuance, be liable severally and jointly for the payment of the tax payable by such firm, association or family, whether such assessment is made prior to or after such discontinuance and, subject as aforesaid the provisions of this Act shall apply as if every such person or partner were himself a dealer:\nExplanation.",
        "footnote": "",
        "is_definition": false,
        "sort_order": 56
    },
    "prev_section": "48",
    "next_section": "50"
}