https://www.taxtmi.com/caselaws?id=272769 A partnership carrying on a licensed liquor business under an excise licence standing only in one partner's name was held ineligible for income-tax registration because the licence was personal and the excise law barred transfer, subletting, or unauthorised partnership without sanction. Although the firm was genuine in fact, the business was being conducted by the partnership itself rather than by the named licensee alone, so the arrangement amounted to use of the licence in breach of statutory restrictions. A partnership formed for a business prohibited by law has an unlawful object, and its agreement is void for illegality for registration purposes. en-us Fri, 13 Aug 1965 00:00:00 +0530 Thu, 17 May 2018 11:18:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272769 A partnership carrying on a licensed liquor business under an excise licence standing only in one partner's name was held ineligible for income-tax registration because the licence was personal and the excise law barred transfer, subletting, or unauthorised partnership without sanction. Although the firm was genuine in fact, the business was being conducted by the partnership itself rather than by the named licensee alone, so the arrangement amounted to use of the licence in breach of statutory restrictions. A partnership formed for a business prohibited by law has an unlawful object, and its agreement is void for illegality for registration purposes. Case-Laws Income Tax Fri, 13 Aug 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272769