Home Case Index All Cases Income Tax Income Tax + HC Income Tax - 1971 (7) TMI HC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1971 (7) TMI 44 - ALLAHABAD HIGH COURTAssessee purchased share in properties. There were litigations for partition - compromise had been entered into - transaction was not a trade - not established that the receipts in question were as a result of an adventure in the nature of trade - no part of the amount could be brought to tax under the head "profits and gains of business"
|