https://www.taxtmi.com/caselaws?id=276932 Partition followed by the assessee's request for separate assessment and his own statement that the earlier family business had ended supported the view that a fresh business had commenced; section 8(1) of the Excess Profits Tax Act therefore treated the post-partition activity as a new business carried on by different persons. The timing of the partnership deeds, the assessee's continuing control, financing of the ventures, routing of transactions through the head office, and branch-like arrangement of the businesses supplied material to infer that the two partnerships were constituted mainly to avoid or reduce excess profits tax. Both conclusions were upheld against the assessee. en-us Mon, 17 Sep 1956 00:00:00 +0530 Tue, 20 Nov 2018 15:27:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276932 Partition followed by the assessee's request for separate assessment and his own statement that the earlier family business had ended supported the view that a fresh business had commenced; section 8(1) of the Excess Profits Tax Act therefore treated the post-partition activity as a new business carried on by different persons. The timing of the partnership deeds, the assessee's continuing control, financing of the ventures, routing of transactions through the head office, and branch-like arrangement of the businesses supplied material to infer that the two partnerships were constituted mainly to avoid or reduce excess profits tax. Both conclusions were upheld against the assessee. Case-Laws Income Tax Mon, 17 Sep 1956 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276932