https://www.taxtmi.com/caselaws?id=28625 A partnership formed to work a liquor licence without prior written permission of the Collector was treated as capable of validation where permission had been sought from the outset and later granted. The Court read the excise rules as not barring retrospective regularisation, and held that the Collector's later endorsement of the licences and acceptance of a compounding fee wiped out the earlier breach. On that construction, the partnership was valid from the beginning of the licence period and was entitled to registration and continuation of registration under the Income-tax Act, 1961. en-us Fri, 18 Jul 1980 00:00:00 +0530 Wed, 24 Feb 2010 14:11:39 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28625 A partnership formed to work a liquor licence without prior written permission of the Collector was treated as capable of validation where permission had been sought from the outset and later granted. The Court read the excise rules as not barring retrospective regularisation, and held that the Collector's later endorsement of the licences and acceptance of a compounding fee wiped out the earlier breach. On that construction, the partnership was valid from the beginning of the licence period and was entitled to registration and continuation of registration under the Income-tax Act, 1961. Case-Laws Income Tax Fri, 18 Jul 1980 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28625