https://www.taxtmi.com/caselaws?id=18123 The court held that the mere presence of common partners and profit-sharing ratios is not adequate to treat two firms as a single taxable entity. The decision to aggregate incomes requires a thorough assessment of all pertinent facts. Therefore, the court ruled in favor of the assessee, rejecting the Revenue's argument for income clubbing. The order was to be forwarded to the Income-tax Appellate Tribunal, Patna Bench, with no costs awarded. en-us Mon, 13 May 1996 00:00:00 +0530 Sat, 26 Sep 2009 18:28:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18123 The court held that the mere presence of common partners and profit-sharing ratios is not adequate to treat two firms as a single taxable entity. The decision to aggregate incomes requires a thorough assessment of all pertinent facts. Therefore, the court ruled in favor of the assessee, rejecting the Revenue's argument for income clubbing. The order was to be forwarded to the Income-tax Appellate Tribunal, Patna Bench, with no costs awarded. Case-Laws Income Tax Mon, 13 May 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18123