https://www.taxtmi.com/caselaws?id=6230 A liquor licence in Form FL II under the U.P. Excise Rules did not bar the licensee from entering into a partnership; it only prohibited sub-letting or transfer. On that basis, the partnership was not illegal, and the refusal of registration under section 26A of the Indian Income-tax Act, 1922 rested on an incorrect assumption about the applicable excise rule. The firm was therefore entitled to registration, and the referred question was answered in favour of the assessee. en-us Wed, 13 Jan 1971 00:00:00 +0530 Wed, 04 Mar 2015 14:22:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6230 A liquor licence in Form FL II under the U.P. Excise Rules did not bar the licensee from entering into a partnership; it only prohibited sub-letting or transfer. On that basis, the partnership was not illegal, and the refusal of registration under section 26A of the Indian Income-tax Act, 1922 rested on an incorrect assumption about the applicable excise rule. The firm was therefore entitled to registration, and the referred question was answered in favour of the assessee. Case-Laws Income Tax Wed, 13 Jan 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6230