Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1996 (2) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1996 (2) TMI 541 - HIGH COURT OF MADHYA PRADESHExtract: .......able market price the transactions cannot be held to be any adventure in trade so as to treat the income derived as taxable under any other head than 'Capital gains'. 13. For the reasons aforesaid, we uphold the view taken by the Tribunal and answer the reference in affirmative in favour of the assessee. There shall be no order as to costs.
|