https://www.taxtmi.com/caselaws?id=255050 The Tribunal dismissed the appeal, affirming the decision to treat the two firms as separate entities for income tax assessment. Despite common partners, the firms were considered distinct entities due to maintaining separate financial records and operations. The judgment emphasized the significance of preserving financial independence between separate firms, reinforcing that each entity should be evaluated based on its individual financial standing. en-us Tue, 09 Dec 2014 00:00:00 +0530 Wed, 07 Jan 2015 06:43:55 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=255050 The Tribunal dismissed the appeal, affirming the decision to treat the two firms as separate entities for income tax assessment. Despite common partners, the firms were considered distinct entities due to maintaining separate financial records and operations. The judgment emphasized the significance of preserving financial independence between separate firms, reinforcing that each entity should be evaluated based on its individual financial standing. Case-Laws Income Tax Tue, 09 Dec 2014 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=255050