# The Finance Act, 2009, Section 59: Insertion of new section 167C

- Act: The Finance Act, 2009
- Ministry: Ministry of Finance
- Source URL: https://indiacode.ecourtsindia.com/finance-act-2009/section/59/

## Text

Insertion of new section 167C. 59. After section 167B of the Income-tax Act, the following sec­tion shall be inserted with effect from the 1st day of April, 2010, namely:— "167C. Liability of partners of limited liability partnership in liquidation.—Notwithstanding anything contained in the Limited Liability Partnership Act, 2008 (6 of 2009), where any tax due from a limited liability partnership in respect of any income of any previous year or from any other person in respect of any income of any previous year during which such other person was a limited liability partnership cannot be recovered, in such case, every person who was a partner of the limited liability partner­ship at any time during the relevant previous year, shall be jointly and severally liable for the payment of such tax unless he proves that the non-recovery cannot be attributed to any gross neglect, misfeasance or breach of duty on his part in relation to the affairs of the limited liability partnership.". © Copyright. Taxmann Publications Pvt. Ltd.

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