https://www.taxtmi.com/caselaws?id=7302 Relief under section 25(4) depended on whether the business succeeded to was the same in substance as the business earlier taxed. The Court treated the decisive question as whether trading in oilseeds could be equated with manufacturing oil and held that it could not: buying and selling oilseeds is a trading activity, while crushing oilseeds and producing oil is a distinct manufacturing business with different commercial character and operations. On the Tribunal's findings, the oil-milling activity was not merely an extension of the earlier grain and oilseed trade, so no error of law was shown. Relief under section 25(4) was therefore unavailable. en-us Wed, 30 Nov 1966 00:00:00 +0530 Tue, 17 Feb 2009 18:15:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7302 Relief under section 25(4) depended on whether the business succeeded to was the same in substance as the business earlier taxed. The Court treated the decisive question as whether trading in oilseeds could be equated with manufacturing oil and held that it could not: buying and selling oilseeds is a trading activity, while crushing oilseeds and producing oil is a distinct manufacturing business with different commercial character and operations. On the Tribunal's findings, the oil-milling activity was not merely an extension of the earlier grain and oilseed trade, so no error of law was shown. Relief under section 25(4) was therefore unavailable. Case-Laws Income Tax Wed, 30 Nov 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7302