https://www.taxtmi.com/caselaws?id=26459 A liquor business partnership was held not illegal where the excise licence remained in the original licensee's name and was not transferred without permission. Rule 72B barred transfer of the licence without prior written permission, but did not expressly prohibit the licensee from taking partners in the business. As no statutory prohibition was breached, the firm was treated as genuine and the requirements for registration under section 185 of the Income-tax Act were satisfied. The firm was therefore entitled to registration, and the revenue's objection based on alleged illegality failed. en-us Mon, 10 Feb 1986 00:00:00 +0530 Fri, 05 Feb 2010 10:56:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26459 A liquor business partnership was held not illegal where the excise licence remained in the original licensee's name and was not transferred without permission. Rule 72B barred transfer of the licence without prior written permission, but did not expressly prohibit the licensee from taking partners in the business. As no statutory prohibition was breached, the firm was treated as genuine and the requirements for registration under section 185 of the Income-tax Act were satisfied. The firm was therefore entitled to registration, and the revenue's objection based on alleged illegality failed. Case-Laws Income Tax Mon, 10 Feb 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26459