https://www.taxtmi.com/caselaws?id=16721 A partnership engaged in liquor trade is not treated as a genuine firm for income-tax registration if it is constituted in breach of mandatory excise law and licence conditions. The Punjab Excise Act, 1914 and the Punjab Liquor Licence Rules, 1956 required prior approval and endorsement before adding a partner, so admitting an unapproved partner rendered the arrangement unlawful and void; financing participation did not cure the defect. The Commissioner may validly invoke revision under section 263 where the Income-tax Officer grants registration without proper application of mind and the order is erroneous and prejudicial to the Revenue. en-us Mon, 29 Sep 1997 00:00:00 +0530 Wed, 09 Sep 2009 16:38:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=16721 A partnership engaged in liquor trade is not treated as a genuine firm for income-tax registration if it is constituted in breach of mandatory excise law and licence conditions. The Punjab Excise Act, 1914 and the Punjab Liquor Licence Rules, 1956 required prior approval and endorsement before adding a partner, so admitting an unapproved partner rendered the arrangement unlawful and void; financing participation did not cure the defect. The Commissioner may validly invoke revision under section 263 where the Income-tax Officer grants registration without proper application of mind and the order is erroneous and prejudicial to the Revenue. Case-Laws Income Tax Mon, 29 Sep 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=16721