https://www.taxtmi.com/caselaws?id=272853 A partnership formed to carry on arrack business on licences standing only in the name of one or some partners was treated as unlawful because it breached licensing conditions and the prohibitory scheme of the Abkari law. The arrangement was regarded either as an impermissible transfer of the licence or as carrying on business without a valid licence. A partnership with such an unlawful object was void ab initio, and a firm constituted under that void agreement could not obtain registration under Section 26A of the Income-tax Act. The refusal to register the firm was therefore upheld. en-us Mon, 16 Jan 1950 00:00:00 +0530 Mon, 21 May 2018 15:38:50 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272853 A partnership formed to carry on arrack business on licences standing only in the name of one or some partners was treated as unlawful because it breached licensing conditions and the prohibitory scheme of the Abkari law. The arrangement was regarded either as an impermissible transfer of the licence or as carrying on business without a valid licence. A partnership with such an unlawful object was void ab initio, and a firm constituted under that void agreement could not obtain registration under Section 26A of the Income-tax Act. The refusal to register the firm was therefore upheld. Case-Laws Income Tax Mon, 16 Jan 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272853