https://www.taxtmi.com/caselaws?id=37273 A partnership firm carrying on liquor business in breach of the Punjab Excise Act, the Punjab Liquor Licence Rules and the licence conditions could not claim registration under the Income-tax Act, 1961. The rules required intoxicants to be possessed and sold only in accordance with the licence, and prohibited unapproved partners from conducting sales or being introduced without endorsement on the licence. Because the firm admittedly included persons whose names were not endorsed, its trading activity was unlawful despite any validity under general partnership law. Registration was therefore refused, and the issue was decided against the assessee. en-us Thu, 26 Oct 1978 00:00:00 +0530 Sat, 27 Mar 2010 17:10:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37273 A partnership firm carrying on liquor business in breach of the Punjab Excise Act, the Punjab Liquor Licence Rules and the licence conditions could not claim registration under the Income-tax Act, 1961. The rules required intoxicants to be possessed and sold only in accordance with the licence, and prohibited unapproved partners from conducting sales or being introduced without endorsement on the licence. Because the firm admittedly included persons whose names were not endorsed, its trading activity was unlawful despite any validity under general partnership law. Registration was therefore refused, and the issue was decided against the assessee. Case-Laws Income Tax Thu, 26 Oct 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37273