https://www.taxtmi.com/caselaws?id=8183 A partnership formed by licensed excise dealers with relatives who held no excise licence was not invalid merely on that account. The court noted that the unlicensed partners did not handle, possess, or sell excisable goods, and the licensed partners remained responsible to the excise authorities. Mere participation in management or sharing profits did not, by itself, amount to transfer, assignment, or sub-lease of the licence. As the arrangement did not violate the Bihar and Orissa Excise Act, 1915 or licence conditions, the firm was treated as a genuine partnership and was entitled to registration under section 26A of the Income-tax Act, 1922. en-us Wed, 24 Feb 1971 00:00:00 +0530 Wed, 01 Apr 2009 12:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8183 A partnership formed by licensed excise dealers with relatives who held no excise licence was not invalid merely on that account. The court noted that the unlicensed partners did not handle, possess, or sell excisable goods, and the licensed partners remained responsible to the excise authorities. Mere participation in management or sharing profits did not, by itself, amount to transfer, assignment, or sub-lease of the licence. As the arrangement did not violate the Bihar and Orissa Excise Act, 1915 or licence conditions, the firm was treated as a genuine partnership and was entitled to registration under section 26A of the Income-tax Act, 1922. Case-Laws Income Tax Wed, 24 Feb 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8183