1996 (9) TMI 20

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....the Full Bench decision of this court, in Narayanan and Co. v. CIT [1997] 223 ITR 209 (Ker) [FB]; [1996] KLJ (Tax Cases) 154, to follow to answer identical questions in I. T. R. No. 42 of 1993. The said identical questions are as follows : "1. Whether, on the facts and in the circumstances of the case and where a partner obtains a licence and carries on the business of abkari contracts, the Tribu....

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.... CIT [1997] 223 ITR 209; [1996] KLJ (Tax Cases) 154 has decided that such a contract of partnership is void under section 23 of the Contract Act and as such cannot be recognised as a genuine partnership firm with reference to the proceedings under the Income-tax Act, 1961. In the process of reasoning it is observed, that the said partnership is against the Abkari Act as it is hit by the provisions....