1997 (9) TMI 55

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..... (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, seeking registration of the firm for the assessment year 1978 .....

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..... 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 adding more persons as partners without permission from the com .....

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