https://www.taxtmi.com/caselaws?id=25314 A partnership formed to conduct country liquor business without written permission from the excise authorities for admitting partners to the benefit of the licence was treated as illegal, because the licence condition prohibited such admission and the arrangement was opposed to public policy. The court therefore held that the firm was not validly constituted for income-tax purposes and could not claim registration under the Income-tax Act, 1961. The answer was in favour of the Revenue. en-us Fri, 24 Jul 1987 00:00:00 +0530 Wed, 27 Jan 2010 18:21:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=25314 A partnership formed to conduct country liquor business without written permission from the excise authorities for admitting partners to the benefit of the licence was treated as illegal, because the licence condition prohibited such admission and the arrangement was opposed to public policy. The court therefore held that the firm was not validly constituted for income-tax purposes and could not claim registration under the Income-tax Act, 1961. The answer was in favour of the Revenue. Case-Laws Income Tax Fri, 24 Jul 1987 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=25314