https://www.taxtmi.com/caselaws?id=272850 A partnership formed to carry on a licensed excise business was held unlawful where the licence was not transferred with prior Collector permission and the firm itself took over the business and management. On those facts, the arrangement was treated as a prohibited transfer of the licensed business, contrary to the excise rules barring transfer or sub-lease without permission. The partnership was therefore regarded as formed for an unlawful object, and refusal to register the firm under the income-tax law was justified. en-us Fri, 04 Dec 1964 00:00:00 +0530 Mon, 21 May 2018 14:45:37 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272850 A partnership formed to carry on a licensed excise business was held unlawful where the licence was not transferred with prior Collector permission and the firm itself took over the business and management. On those facts, the arrangement was treated as a prohibited transfer of the licensed business, contrary to the excise rules barring transfer or sub-lease without permission. The partnership was therefore regarded as formed for an unlawful object, and refusal to register the firm under the income-tax law was justified. Case-Laws Income Tax Fri, 04 Dec 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272850