https://www.taxtmi.com/caselaws?id=61910 A partnership firm was held eligible for registration where one partner held the excise licence and the firm financed and assisted the licensed partner in carrying on liquor business. The arrangement was not treated as a prohibited transfer of the licence because there was no assignment document or accounting entry showing the licence itself was contributed to the firm. The Kerala Abkari Act and Rule 6(22) were read as regulating unauthorised transfer and enabling cancellation or suspension of the licence, but not as expressly making such a partnership void. Statutes that expressly invalidate such arrangements were distinguished, and mere partnership with a licence holder was not treated as unlawful transfer. en-us Fri, 27 Dec 1991 00:00:00 +0530 Tue, 06 Mar 2018 15:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61910 A partnership firm was held eligible for registration where one partner held the excise licence and the firm financed and assisted the licensed partner in carrying on liquor business. The arrangement was not treated as a prohibited transfer of the licence because there was no assignment document or accounting entry showing the licence itself was contributed to the firm. The Kerala Abkari Act and Rule 6(22) were read as regulating unauthorised transfer and enabling cancellation or suspension of the licence, but not as expressly making such a partnership void. Statutes that expressly invalidate such arrangements were distinguished, and mere partnership with a licence holder was not treated as unlawful transfer. Case-Laws Income Tax Fri, 27 Dec 1991 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61910