https://www.taxtmi.com/caselaws?id=63880 The Tribunal ruled in favor of the assessee, directing the exclusion of income from Mannalal Nirmal Kumar Soorana & Co. from the assessment of the assessee-firm. It held that the two firms should be assessed as separate entities due to their distinct legal status, absence of interlacing or interlocking of funds, lack of unity of control, and to prevent double taxation. en-us Mon, 28 Feb 1983 00:00:00 +0530 Wed, 02 Feb 2011 15:33:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=63880 The Tribunal ruled in favor of the assessee, directing the exclusion of income from Mannalal Nirmal Kumar Soorana & Co. from the assessment of the assessee-firm. It held that the two firms should be assessed as separate entities due to their distinct legal status, absence of interlacing or interlocking of funds, lack of unity of control, and to prevent double taxation. Case-Laws Income Tax Mon, 28 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=63880