https://www.taxtmi.com/caselaws?id=36744 Two activities constitute the same business only if there is interconnection, interlacing, interdependence or unity of control, organisation, staff, capital and accounts. Applying that test, the earlier proprietary activity of supplying stones and building materials to Government and the later partnership business of constructing Government buildings were held to be distinct ventures. The differences in ownership form, business names, separate accounts, and absence of common organisation or employees showed no operational identity, and common use of funds alone was insufficient. A loss from the extinct earlier business was therefore treated as a trading loss of a discontinued business and not available for set-off against income from the later business. en-us Mon, 17 Apr 1978 00:00:00 +0530 Wed, 24 Mar 2010 12:21:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=36744 Two activities constitute the same business only if there is interconnection, interlacing, interdependence or unity of control, organisation, staff, capital and accounts. Applying that test, the earlier proprietary activity of supplying stones and building materials to Government and the later partnership business of constructing Government buildings were held to be distinct ventures. The differences in ownership form, business names, separate accounts, and absence of common organisation or employees showed no operational identity, and common use of funds alone was insufficient. A loss from the extinct earlier business was therefore treated as a trading loss of a discontinued business and not available for set-off against income from the later business. Case-Laws Income Tax Mon, 17 Apr 1978 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=36744