https://www.taxtmi.com/caselaws?id=62043 After the 1993-94 amendments to sections 184 and 185 of the Income-tax Act, a partnership is assessed as a firm when the deed, individual shares and filing requirements are satisfied, and assessment as an Association of Persons is confined to the specific statutory exceptions. The record did not show any factual transfer of the liquor licence or its privileges from the partner to the firm, and mere use of the licence in the firm's business was not enough to invalidate the partnership for tax purposes. The assessment as an Association of Persons was therefore set aside, and the assessee had to be assessed in the status of a firm. en-us Wed, 25 May 2005 00:00:00 +0530 Mon, 17 Jan 2011 18:14:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=62043 After the 1993-94 amendments to sections 184 and 185 of the Income-tax Act, a partnership is assessed as a firm when the deed, individual shares and filing requirements are satisfied, and assessment as an Association of Persons is confined to the specific statutory exceptions. The record did not show any factual transfer of the liquor licence or its privileges from the partner to the firm, and mere use of the licence in the firm's business was not enough to invalidate the partnership for tax purposes. The assessment as an Association of Persons was therefore set aside, and the assessee had to be assessed in the status of a firm. Case-Laws Income Tax Wed, 25 May 2005 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=62043