https://www.taxtmi.com/caselaws?id=61350 A cinema business requiring a statutory licence could not continue in law as the old partnership once the licence stood in one partner's name and was transferred to another, and the partnership was treated as dissolved by notice. The gap between 3 September 1977 and 23 October 1977 was held to be an interregnum, because the necessary District Magistrate permission for a fresh partnership was obtained only on 24 October 1977; that period was therefore treated as proprietary business of the concerned partner. On the registration issue, continuance of registration was available for the first period, and the new firm was entitled to registration for the later period because the statutory conditions were satisfied. en-us Mon, 12 Aug 1985 00:00:00 +0530 Wed, 12 Jan 2011 12:55:02 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=61350 A cinema business requiring a statutory licence could not continue in law as the old partnership once the licence stood in one partner's name and was transferred to another, and the partnership was treated as dissolved by notice. The gap between 3 September 1977 and 23 October 1977 was held to be an interregnum, because the necessary District Magistrate permission for a fresh partnership was obtained only on 24 October 1977; that period was therefore treated as proprietary business of the concerned partner. On the registration issue, continuance of registration was available for the first period, and the new firm was entitled to registration for the later period because the statutory conditions were satisfied. Case-Laws Income Tax Mon, 12 Aug 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=61350