https://www.taxtmi.com/caselaws?id=9320 A partnership carrying on a licensed business is not invalid merely because the licence stands in the name of only some partners, provided neither the statute nor the licence forbids that arrangement. Where there is no evidence that the excise licence was transferred, sub-let, or otherwise assigned to the firm, the partnership is not treated as void ab initio and registration cannot be refused on that ground. The revenue authorities' contrary authorities were distinguished because they involved an express statutory bar or a clear transfer of licence. On that basis, the firm was entitled to registration under section 26A of the Indian Income-tax Act, 1922. en-us Thu, 13 Sep 1973 00:00:00 +0530 Sun, 21 Jun 2009 18:35:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=9320 A partnership carrying on a licensed business is not invalid merely because the licence stands in the name of only some partners, provided neither the statute nor the licence forbids that arrangement. Where there is no evidence that the excise licence was transferred, sub-let, or otherwise assigned to the firm, the partnership is not treated as void ab initio and registration cannot be refused on that ground. The revenue authorities' contrary authorities were distinguished because they involved an express statutory bar or a clear transfer of licence. On that basis, the firm was entitled to registration under section 26A of the Indian Income-tax Act, 1922. Case-Laws Income Tax Thu, 13 Sep 1973 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=9320