https://www.taxtmi.com/caselaws?id=200074 A void or unregistered partnership under the Hyderabad Abkari Act did not prevent the joint venture income from being assessed as that of an association of persons. The High Court noted that the Abkari arrangement lacked the prior approval required by section 14 of the Hyderabad Abkari Act, so it could not claim the benefits of a registered firm under section 26A of the Income-tax Act, 1922. Because both participants knowingly carried on the business together for the common purpose of earning profits, the legal test for an association of persons was satisfied. The entire income from the Abkari contracts was therefore assessable under section 3 of the Income-tax Act, 1922, not merely half in the assessee's hands. en-us Wed, 17 Jan 1962 00:00:00 +0530 Mon, 19 Mar 2018 16:24:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=200074 A void or unregistered partnership under the Hyderabad Abkari Act did not prevent the joint venture income from being assessed as that of an association of persons. The High Court noted that the Abkari arrangement lacked the prior approval required by section 14 of the Hyderabad Abkari Act, so it could not claim the benefits of a registered firm under section 26A of the Income-tax Act, 1922. Because both participants knowingly carried on the business together for the common purpose of earning profits, the legal test for an association of persons was satisfied. The entire income from the Abkari contracts was therefore assessable under section 3 of the Income-tax Act, 1922, not merely half in the assessee's hands. Case-Laws Income Tax Wed, 17 Jan 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=200074