1997 (9) TMI 55

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..... een referred to this court by the Income-tax Appellate Tribunal (for short, "the Tribunal") under section 256(1) of the Income-tax Act, 1961 (for short, "the Act") : "Whether, on the facts and in the circumstances of the case, the Income-tax Appellate Tribunal was right in law in allowing registration to the assessee-firm?" The assessee-firm was engaged in the business of liquor. An application, .....

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..... rtners whose names had not been entered in the licences were ever engaged in the act of possessing or selling liquor. The question which actually arises for consideration is whether registration can be refused to a partnership firm under section 185(1) of the Income-tax Act, 1961, on the ground that the person or persons holding licence to run a business in liquor had constituted such firm by add .....

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