https://www.taxtmi.com/caselaws?id=169639 Common partners are not legally barred from constituting separate firms for different businesses under the Indian Income-tax Act, because the Act treats a firm as a distinct taxable unit and permits different firms to exist if the facts support that arrangement; the Tribunal's contrary observation was treated as obiter. Whether two businesses carried on by the same persons amount to one firm or two firms depends on the concrete facts, including the manner of carrying on the businesses and the intention behind the arrangement, so the issue is not a pure question of law. The matter therefore turns on factual determination on the evidence. en-us Mon, 19 Sep 1949 00:00:00 +0530 Tue, 28 Apr 2015 17:49:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169639 Common partners are not legally barred from constituting separate firms for different businesses under the Indian Income-tax Act, because the Act treats a firm as a distinct taxable unit and permits different firms to exist if the facts support that arrangement; the Tribunal's contrary observation was treated as obiter. Whether two businesses carried on by the same persons amount to one firm or two firms depends on the concrete facts, including the manner of carrying on the businesses and the intention behind the arrangement, so the issue is not a pure question of law. The matter therefore turns on factual determination on the evidence. Case-Laws Income Tax Mon, 19 Sep 1949 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169639