https://www.taxtmi.com/caselaws?id=8496 A business connection claim failed because the assessee's Lahore flour mill and Barabanki sugar mill were found to be distinct commercial activities, with no interconnection, interlacing or interdependence and none of the usual indicia of unity such as common management, common organisation, common administration, common fund or a common place of business. The Tribunal's finding that the two operations were separate was a finding of fact, and no legal error was shown in it. On that basis, the activities were not treated as the same business for tax deduction purposes, and interest on the transferred liabilities was not allowable. en-us Mon, 15 Mar 1971 00:00:00 +0530 Mon, 27 Apr 2009 15:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8496 A business connection claim failed because the assessee's Lahore flour mill and Barabanki sugar mill were found to be distinct commercial activities, with no interconnection, interlacing or interdependence and none of the usual indicia of unity such as common management, common organisation, common administration, common fund or a common place of business. The Tribunal's finding that the two operations were separate was a finding of fact, and no legal error was shown in it. On that basis, the activities were not treated as the same business for tax deduction purposes, and interest on the transferred liabilities was not allowable. Case-Laws Income Tax Mon, 15 Mar 1971 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8496