https://www.taxtmi.com/caselaws?id=17292 A partnership formed to conduct abkari business by treating a liquor licence held in one partner's name as firm property was held void, because the arrangement effectively shared and transferred part of the exclusive privilege attached to the licence in breach of the restrictive abkari rules and public policy. Applying section 23 of the Indian Contract Act, 1872, the court treated an agreement to share liquor privileges as prohibited and unenforceable. As the partnership itself was illegal, the assessing authority was justified in refusing registration under the Income-tax Act, 1961. en-us Tue, 07 Oct 1997 00:00:00 +0530 Mon, 21 Sep 2009 13:24:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=17292 A partnership formed to conduct abkari business by treating a liquor licence held in one partner's name as firm property was held void, because the arrangement effectively shared and transferred part of the exclusive privilege attached to the licence in breach of the restrictive abkari rules and public policy. Applying section 23 of the Indian Contract Act, 1872, the court treated an agreement to share liquor privileges as prohibited and unenforceable. As the partnership itself was illegal, the assessing authority was justified in refusing registration under the Income-tax Act, 1961. Case-Laws Income Tax Tue, 07 Oct 1997 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=17292