https://www.taxtmi.com/caselaws?id=5689 The court held that a firm formed in violation of excise law and public policy cannot be granted registration under the Income-tax Act. Emphasizing the need to uphold legal conditions attached to licenses, the court ruled against granting registration to a partnership firm that did not obtain prior permission as required by the license terms. The judgment highlighted the importance of preventing misuse of provisions for personal gain and ensuring compliance with all relevant laws in business dealings. The Commissioner's appeals were allowed, and the assessee's appeals were dismissed without costs. en-us Wed, 19 Nov 1997 00:00:00 +0530 Thu, 27 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5689 The court held that a firm formed in violation of excise law and public policy cannot be granted registration under the Income-tax Act. Emphasizing the need to uphold legal conditions attached to licenses, the court ruled against granting registration to a partnership firm that did not obtain prior permission as required by the license terms. The judgment highlighted the importance of preventing misuse of provisions for personal gain and ensuring compliance with all relevant laws in business dealings. The Commissioner's appeals were allowed, and the assessee's appeals were dismissed without costs. Case-Laws Income Tax Wed, 19 Nov 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5689