1998 (8) TMI 36

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....d the studio by making the sets available to film producers on payment of hire charges--and therefore was essentially an integrated business, inasmuch as earning income from hiring of the properties owned by the assessee was the common object, and that the assessee had carried on both these businesses within the same compound that it had maintained common accounts, and that the management as also finance was common, have been questioned by the Revenue in this reference. It is contended by counsel for the Revenue that the running of a hospital is not in any way linked with the business of running of a studio and the mere accident of the studio owner using his property for the activity of running a hospital cannot make what are otherwise t....

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....and was with common management and common control. The facts set out by the Tribunal in its order show that the assessee, Vijaya Productions (P.) Limited, was a partner in a firm, owning an extensive property, wherein a studio was being run under the name Vauhini Studios, till that partnership was dissolved in the year 1974, when it became the owner of the property. Under the terms of the dissolution, the property was allotted to the assessee. The partnership firm had in the year 1972 constructed a hospital building on a portion of the land, belonging to Vauhini Studios. The accounts of the hospital as also of the studios were regarded as one by the firm. Even after the dissolution of that firm, the assessee was assessed on its income fr....