https://www.taxtmi.com/caselaws?id=39456 A new factory unit will not be treated as a separate business where the units share common management, administration, organisation, funds and business integration; physical distance alone is insufficient. On that basis, the Bangalore Whitefield factory was treated as an expansion of the existing Baroda business. Interest on borrowings used for an existing business remained deductible as revenue expenditure, even if the borrowed funds were applied to a new unit forming part of the same business. Miscellaneous and travelling expenses linked to that expansion were also allowable on revenue account. en-us Fri, 21 Nov 1975 00:00:00 +0530 Fri, 16 Apr 2010 15:44:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=39456 A new factory unit will not be treated as a separate business where the units share common management, administration, organisation, funds and business integration; physical distance alone is insufficient. On that basis, the Bangalore Whitefield factory was treated as an expansion of the existing Baroda business. Interest on borrowings used for an existing business remained deductible as revenue expenditure, even if the borrowed funds were applied to a new unit forming part of the same business. Miscellaneous and travelling expenses linked to that expansion were also allowable on revenue account. Case-Laws Income Tax Fri, 21 Nov 1975 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=39456