https://www.taxtmi.com/caselaws?id=247226 For carry forward and set off of business loss, the decisive test is whether the later activity forms the same business through unity of control, common management and sufficient inter-connection, rather than whether the later activity is of the same nature as the original line of business. A mere closure of one activity does not by itself create a different business if the business organisation continues under common control. On the facts recorded by the Tribunal, the assessee's business retained unity of control and common management, so the brought forward loss could be set off against later business income and the Tribunal's allowance of the claim was affirmed. en-us Wed, 23 Apr 2014 00:00:00 +0530 Tue, 17 Feb 2015 14:23:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=247226 For carry forward and set off of business loss, the decisive test is whether the later activity forms the same business through unity of control, common management and sufficient inter-connection, rather than whether the later activity is of the same nature as the original line of business. A mere closure of one activity does not by itself create a different business if the business organisation continues under common control. On the facts recorded by the Tribunal, the assessee's business retained unity of control and common management, so the brought forward loss could be set off against later business income and the Tribunal's allowance of the claim was affirmed. Case-Laws Income Tax Wed, 23 Apr 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=247226