https://www.taxtmi.com/caselaws?id=272861 A partnership formed by a tobacco licence-holder with another person was not treated as an illegal transfer of the licence where the governing rules expressly contemplated partnerships. Rule 178 required the original licensee to report the partnership and obtain amendment of the licence, and it bound both the licensee and the incoming partner to the licence conditions. On that reading, the prohibition on transfer applied only to an absolute assignment of the licence or business, not to admission of a partner into an existing licensed business. The incoming partner was not required to obtain a fresh licence, and any reporting default by the original licensee could not be used to defeat the partner's rights; the suit was maintainable. en-us Sun, 02 Aug 1959 00:00:00 +0530 Mon, 21 May 2018 17:31:54 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=272861 A partnership formed by a tobacco licence-holder with another person was not treated as an illegal transfer of the licence where the governing rules expressly contemplated partnerships. Rule 178 required the original licensee to report the partnership and obtain amendment of the licence, and it bound both the licensee and the incoming partner to the licence conditions. On that reading, the prohibition on transfer applied only to an absolute assignment of the licence or business, not to admission of a partner into an existing licensed business. The incoming partner was not required to obtain a fresh licence, and any reporting default by the original licensee could not be used to defeat the partner's rights; the suit was maintainable. Case-Laws Central Excise Sun, 02 Aug 1959 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=272861