https://www.taxtmi.com/caselaws?id=7510 Renewal of registration under section 26A of the Income-tax Act, 1922 cannot be refused merely because a firm operates lorries using permits that remain in the original owners' names. Where the firm owns and plies the vehicles, the arrangement does not make its business unlawful unless the governing statute expressly or necessarily implies a prohibition on ownership or operation differing from the permit holder. Benami arrangements involving permits held in one name and real ownership or operation in another are not, by themselves, barred. The refusal of registration renewal was therefore unjustified. en-us Wed, 12 Feb 1969 00:00:00 +0530 Fri, 20 Feb 2009 19:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7510 Renewal of registration under section 26A of the Income-tax Act, 1922 cannot be refused merely because a firm operates lorries using permits that remain in the original owners' names. Where the firm owns and plies the vehicles, the arrangement does not make its business unlawful unless the governing statute expressly or necessarily implies a prohibition on ownership or operation differing from the permit holder. Benami arrangements involving permits held in one name and real ownership or operation in another are not, by themselves, barred. The refusal of registration renewal was therefore unjustified. Case-Laws Income Tax Wed, 12 Feb 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7510