https://www.taxtmi.com/caselaws?id=37111 The court held that M/s. G. Parthasarathy Naidu & Sons and M/s. Sri Lakshmi Oil and Flour Mills are separate legal entities for assessment under the Income-tax Act. The firms were deemed distinct due to different businesses, profit-sharing ratios, and no inter-mixing of funds. The decision favored the assessee, affirming the firms' status as separate and distinct assessable entities. en-us Thu, 30 Aug 1979 00:00:00 +0530 Fri, 26 Mar 2010 14:12:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37111 The court held that M/s. G. Parthasarathy Naidu & Sons and M/s. Sri Lakshmi Oil and Flour Mills are separate legal entities for assessment under the Income-tax Act. The firms were deemed distinct due to different businesses, profit-sharing ratios, and no inter-mixing of funds. The decision favored the assessee, affirming the firms' status as separate and distinct assessable entities. Case-Laws Income Tax Thu, 30 Aug 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37111