Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1980 (4) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1980 (4) TMI 15 - HC - Income TaxExtract: .......ssessee had purchased the land with the intention of embarking on a venture in the nature of trade. The profits from the transactions, in our opinion, are clearly taxable to income-tax. We, therefore, answer the question in the affirmative against the assessee. The assessee shall bear the costs of the reference. Counsel s fee Rs. 200, if certified.
|