https://www.taxtmi.com/caselaws?id=70230 Income of separately constituted firms cannot be clubbed merely because they share the same constitution or profit-sharing ratio. In the absence of proved interlacing, interdependence, interlocking of funds, or benami character, there is no material basis for treating them as one assessable unit. The earlier departmental theory supporting clubbing had already been overruled, and the assessment orders rested only on identity of constitution. On the facts found, the deletion of the clubbing addition was upheld and separate assessment of the two firms was maintained. en-us Fri, 18 Feb 1983 00:00:00 +0530 Fri, 15 Apr 2011 10:04:01 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=70230 Income of separately constituted firms cannot be clubbed merely because they share the same constitution or profit-sharing ratio. In the absence of proved interlacing, interdependence, interlocking of funds, or benami character, there is no material basis for treating them as one assessable unit. The earlier departmental theory supporting clubbing had already been overruled, and the assessment orders rested only on identity of constitution. On the facts found, the deletion of the clubbing addition was upheld and separate assessment of the two firms was maintained. Case-Laws Income Tax Fri, 18 Feb 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=70230