Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1966 (8) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1966 (8) TMI 4 - MADRAS HIGH COURTInclusion in the chargeable income of a total sum of Rs. 5,853 representing the difference between the purchase and sale prices of two houses - In the absence of a finding by the Tribunal that the purchase and sale of the houses was in the course of a trade in property or constituted an adventure in the nature of trade, no tax liability would attach to the sum of Rs. 5,853
|