https://www.taxtmi.com/caselaws?id=18010 The court upheld the lower authorities' findings that the two partnership firms should be considered separate entities for income tax purposes. Despite common partners, equal profit sharing, and other factors, the court emphasized the importance of partnership agreements and partners' intentions in determining separate partnerships. The court ruled in favor of the assessee, concluding that the incomes of the two firms should not be clubbed together for taxation purposes. The judgment was referred to the Appellate Tribunal for further action in line with the court's decision. en-us Tue, 16 Apr 1996 00:00:00 +0530 Sat, 26 Sep 2009 12:07:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18010 The court upheld the lower authorities' findings that the two partnership firms should be considered separate entities for income tax purposes. Despite common partners, equal profit sharing, and other factors, the court emphasized the importance of partnership agreements and partners' intentions in determining separate partnerships. The court ruled in favor of the assessee, concluding that the incomes of the two firms should not be clubbed together for taxation purposes. The judgment was referred to the Appellate Tribunal for further action in line with the court's decision. Case-Laws Income Tax Tue, 16 Apr 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18010