Business Between two company with same member

Sandip Paul (Exe) (24 Points)

11 December 2009  

Dear all

Will it be objectionable by Income Tax department if two company with same member conduct business upon them.

Here type of business means:

1. Placing a part of one company's order to another company.

2. Placing a order to another company for one's own project.

3. Technology transfer in terms of money from one company to another company.

Please provide solution

Thanks