https://www.taxtmi.com/caselaws?id=5466 A sub-partnership confined to financing a partner's share in a licensed liquor business and sharing the profits and losses of that share did not make the sub-partners partners in the main firm. Section 14 of the Andhra Pradesh (Telangana Area) Abkari Act was aimed at preventing a lessee from introducing an unlicensed partner into the liquor business, not at such internal profit-sharing arrangements. On the facts, the sub-partnership did not itself carry on liquor business or violate the licence restriction, so it was not unlawful under the Abkari Act. Being genuine and valid, it was entitled to registration under the Income-tax Act, 1961. en-us Wed, 01 Mar 1995 00:00:00 +0530 Wed, 25 Feb 2015 15:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5466 A sub-partnership confined to financing a partner's share in a licensed liquor business and sharing the profits and losses of that share did not make the sub-partners partners in the main firm. Section 14 of the Andhra Pradesh (Telangana Area) Abkari Act was aimed at preventing a lessee from introducing an unlicensed partner into the liquor business, not at such internal profit-sharing arrangements. On the facts, the sub-partnership did not itself carry on liquor business or violate the licence restriction, so it was not unlawful under the Abkari Act. Being genuine and valid, it was entitled to registration under the Income-tax Act, 1961. Case-Laws Income Tax Wed, 01 Mar 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5466