Business distinctness determines separate assessment where operations lack interdependence and specified operational criteria are met. A business is distinct and separate where there is no interlacing or inter dependence between operations. Businesses are deemed separate if units are physically apart, use different raw materials or manufacturing processes for the same goods, maintain separate books of account, or have profits determined under the specified statutory computation; speculative businesses are treated as distinct from any other business.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Business distinctness determines separate assessment where operations lack interdependence and specified operational criteria are met.
A business is distinct and separate where there is no interlacing or inter dependence between operations. Businesses are deemed separate if units are physically apart, use different raw materials or manufacturing processes for the same goods, maintain separate books of account, or have profits determined under the specified statutory computation; speculative businesses are treated as distinct from any other business.
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