1987 (7) TMI 64 - HC - Income Tax

Summary

The High Court of Rajasthan ruled that a partnership firm selling country liquor without permission from excise authorities is illegal and not entitled to registration under the Income-tax Act, 1961. The Tribunal's decision to grant registration to the firm was overturned in favor of the Revenue. (Case citation: 1987 (7) TMI 64 - RAJASTHAN High Court)