https://www.taxtmi.com/caselaws?id=39173 A partnership carrying on rice business was not rendered illegal merely because the trade licence stood in the name of one partner and was not transferable under the control order. The controlling provisions did not prohibit formation of the firm or declare such a partnership void; they contemplated that a fresh licence could be obtained on reconstitution. The licensing irregularity therefore did not affect the firm's legal existence for income-tax purposes, and the firm remained entitled to registration under section 185 of the Income-tax Act, 1961. en-us Thu, 10 Oct 1974 00:00:00 +0530 Tue, 13 Apr 2010 13:57:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39173 A partnership carrying on rice business was not rendered illegal merely because the trade licence stood in the name of one partner and was not transferable under the control order. The controlling provisions did not prohibit formation of the firm or declare such a partnership void; they contemplated that a fresh licence could be obtained on reconstitution. The licensing irregularity therefore did not affect the firm's legal existence for income-tax purposes, and the firm remained entitled to registration under section 185 of the Income-tax Act, 1961. Case-Laws Income Tax Thu, 10 Oct 1974 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39173