https://www.taxtmi.com/caselaws?id=214434 The Karnataka High Court held that the assessment could not stand because the Assessing Officer had not examined the relevant partnership deed clauses or the excise rules governing liquor licences. The authorities had proceeded on the assumption that the firm could not lawfully carry on the business merely because one partner held the licence and transfer was restricted without permission. As the appellate authority and Tribunal had also not addressed those governing documents in detail, the assessment order, first appellate order and Tribunal order were set aside and the matter was remanded for fresh assessment. en-us Fri, 28 Oct 2011 00:00:00 +0530 Mon, 21 Jan 2013 09:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=214434 The Karnataka High Court held that the assessment could not stand because the Assessing Officer had not examined the relevant partnership deed clauses or the excise rules governing liquor licences. The authorities had proceeded on the assumption that the firm could not lawfully carry on the business merely because one partner held the licence and transfer was restricted without permission. As the appellate authority and Tribunal had also not addressed those governing documents in detail, the assessment order, first appellate order and Tribunal order were set aside and the matter was remanded for fresh assessment. Case-Laws Income Tax Fri, 28 Oct 2011 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=214434