Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1978 (3) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1978 (3) TMI 90 - HC - Income TaxExtract: .......tisfied that the Tribunal was justified in drawing the inference that the transaction did not represent an adventure in the nature of trade. We, therefore, answer the question referred to us in the affirmative, in favour of the assessee and against the department. As no one has appeared on behalf of the assessee, there will be no order as to costs.
|