Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1981 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1981 (3) TMI 61 - HC - Income TaxExtract: ....... dividing it into small residential plots. The activity thus carried on, as held in Raja J. Rameshwar Rao s case 1961 42 ITR 179 (SC) would be nothing but a venture in the nature of trade or business. Consequently, the questions in all the three references are answered in the affirmative, against the assessee and in favour of the revenue. No costs.
|