https://www.taxtmi.com/caselaws?id=6836 A partnership formed to carry on opium sales in breach of the mandatory licensing regime under the Opium Act, 1878 and the Punjab Opium Orders could not be treated as a valid firm for registration under section 26A of the Indian Income-tax Act, 1922. The deed contemplated all seven partners actively conducting the prohibited business, while the statutory scheme required sales to be carried on only in accordance with the licence conditions, including specification of partners on the licence and compliance with the prescribed rules. Because the arrangement would necessarily contravene those restrictions and amount to an offence, the firm was held not entitled to registration. en-us Wed, 22 Mar 1967 00:00:00 +0530 Fri, 06 Feb 2009 15:53:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6836 A partnership formed to carry on opium sales in breach of the mandatory licensing regime under the Opium Act, 1878 and the Punjab Opium Orders could not be treated as a valid firm for registration under section 26A of the Indian Income-tax Act, 1922. The deed contemplated all seven partners actively conducting the prohibited business, while the statutory scheme required sales to be carried on only in accordance with the licence conditions, including specification of partners on the licence and compliance with the prescribed rules. Because the arrangement would necessarily contravene those restrictions and amount to an offence, the firm was held not entitled to registration. Case-Laws Income Tax Wed, 22 Mar 1967 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6836