23 December 2013
1. Two partnership firms are manufacturing different products in different factories and having different PAN numbers.
2. Both the firm comprises of same two partners having same profit sharing ratio.
3. Under Excise For the purpose of 150 lakhs exemption as an SSI, will the Turnover of both the firms be clubbed as both the firms are having same partners with same profit sharing ratio.
CAclubindia
