https://www.taxtmi.com/caselaws?id=27472 A partnership formed for liquor business was not treated as illegal because the Rajasthan Excise Act, 1956 contained no express prohibition on partnership and the licence condition only required written permission, indicating permissibility subject to approval. The licence was not cancelled and the business continued during the licence period, so the firm was not void under section 23 of the Contract Act. As the partnership was valid and genuinely carried on for the benefit of the partners, refusal of registration under section 185 of the Income-tax Act, 1961 could not stand. The firm was therefore held eligible for registration. en-us Tue, 03 Jul 1984 00:00:00 +0530 Sat, 13 Feb 2010 10:51:16 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27472 A partnership formed for liquor business was not treated as illegal because the Rajasthan Excise Act, 1956 contained no express prohibition on partnership and the licence condition only required written permission, indicating permissibility subject to approval. The licence was not cancelled and the business continued during the licence period, so the firm was not void under section 23 of the Contract Act. As the partnership was valid and genuinely carried on for the benefit of the partners, refusal of registration under section 185 of the Income-tax Act, 1961 could not stand. The firm was therefore held eligible for registration. Case-Laws Income Tax Tue, 03 Jul 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27472