2000 (2) TMI 5 - SUPREME COURT

Business of the assessee being one and indivisible - so it is not open to the Revenue to contend that the business is not one and indivisible - In view of the fact that a perusal of the question itself discloses that income from various ventures is earned in the course of one and indivisible business, the impugned order upholding the apportionment of the expenditure and allowing deduction of only that proportion of it which is referable to taxable income, is unsustainable