https://www.taxtmi.com/caselaws?id=27044 A partnership formed to secure a liquor contract through a bid by a person shown as a major, but actually a minor, was treated as void because the arrangement contravened the excise rules and rested on an unlawful or fraudulent object under the Contract Act. On that basis, the firm lacked legal existence and genuineness for income-tax purposes, so continuation of registration could be withdrawn and denied for the relevant years. The later attainment of majority by the minor and execution of a fresh deed did not cure the original defect, because the transaction was void from inception and could not be retrospectively validated. en-us Mon, 22 Oct 1984 00:00:00 +0530 Wed, 10 Feb 2010 13:49:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27044 A partnership formed to secure a liquor contract through a bid by a person shown as a major, but actually a minor, was treated as void because the arrangement contravened the excise rules and rested on an unlawful or fraudulent object under the Contract Act. On that basis, the firm lacked legal existence and genuineness for income-tax purposes, so continuation of registration could be withdrawn and denied for the relevant years. The later attainment of majority by the minor and execution of a fresh deed did not cure the original defect, because the transaction was void from inception and could not be retrospectively validated. Case-Laws Income Tax Mon, 22 Oct 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27044