https://www.taxtmi.com/caselaws?id=8722 A partnership formed for country liquor was treated as lawful where the deed did not transfer the liquor licence to the firm merely because other partners were associated in the business. The U.P. Excise Manual was regarded as executive instruction rather than statutory rule, and the licence condition requiring prior sanction for partnership did not itself prohibit forming the partnership. Breach of that condition was only punishable by fine, which did not make the underlying agreement forbidden by law. The arrangement was read as one to carry on the business lawfully within the licence framework, and it was not shown to be opposed to public policy or hit by section 23 of the Contract Act; refusal of registration was therefore unjustified. en-us Wed, 06 Dec 1972 00:00:00 +0530 Wed, 03 Jun 2009 11:30:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8722 A partnership formed for country liquor was treated as lawful where the deed did not transfer the liquor licence to the firm merely because other partners were associated in the business. The U.P. Excise Manual was regarded as executive instruction rather than statutory rule, and the licence condition requiring prior sanction for partnership did not itself prohibit forming the partnership. Breach of that condition was only punishable by fine, which did not make the underlying agreement forbidden by law. The arrangement was read as one to carry on the business lawfully within the licence framework, and it was not shown to be opposed to public policy or hit by section 23 of the Contract Act; refusal of registration was therefore unjustified. Case-Laws Income Tax Wed, 06 Dec 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8722