https://www.taxtmi.com/caselaws?id=36012 Common managerial expenditure is fully deductible only where the assessee proves a single integrated business with real interlacing, interdependence and unity of operation. The court found that common head office, accounts or control were insufficient, and that the assessee had separate estates, staff and functioning with no day-to-day interdependence. Managing agency commission could not therefore be wholly charged against taxable income and had to be apportioned among the distinct activities. The Tribunal's allocation of the commission on a reasonable basis, consistent with the assessee's own past treatment of common expenses, was upheld. en-us Thu, 11 Jan 1979 00:00:00 +0530 Thu, 18 Mar 2010 17:57:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36012 Common managerial expenditure is fully deductible only where the assessee proves a single integrated business with real interlacing, interdependence and unity of operation. The court found that common head office, accounts or control were insufficient, and that the assessee had separate estates, staff and functioning with no day-to-day interdependence. Managing agency commission could not therefore be wholly charged against taxable income and had to be apportioned among the distinct activities. The Tribunal's allocation of the commission on a reasonable basis, consistent with the assessee's own past treatment of common expenses, was upheld. Case-Laws Income Tax Thu, 11 Jan 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36012