KARNATAKA LIGHT METAL INDUSTRIES (PVT.) LTD. versus COMMISSIONER OF INCOME-TAX
Damage Forward and Business One business or separate business should be prevented; To establish the same business, there must be a cohesion, mutual relationship, mutual dependence or alliance between two or more businesses. Kee closed on leasing and installing his machinery and couldn't figure out whether he could get a job with K Co or K who earned income from selling MC section wires. Co Assessee fails to remove machinery from premises The man did the job of flattening the wires and trading in sudalime, m-section wires, etc. The damage in the years ahead could be further enhanced. In the relevant year, Income Tax Act 1961, Section 72
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