TMI BlogDistinct and separate businessX X X X Extracts X X X X X X X X Extracts X X X X ..... ness shall be distinct and separate from another business if there is no interlacing, inter-dependence or unity embarrassing the two businesses. (2) A business shall be deemed to be distinct and separ ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rial or the manufacturing process of the other unit; (c) separate books of account are maintained or capable of being maintained, for such business; or (d) it is a business in respect of which profits ..... X X X X Extracts X X X X X X X X Extracts X X X X
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