An isolated transactions or activity cannot be a part of ...

Isolated Transactions Not Enough to Constitute a Business; Regular Buying and Selling Required for Business Status.

April 8, 2017

Case Laws Income Tax AT

An isolated transactions or activity cannot be a part of business and to consider the question of business there must regular activity of purchasing and selling. In the present case there is no iota of evidence on the record to show that the assessee was regular in the business of purchase and sale of land or plots - AT

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An isolated transactions or activity cannot be a part of ...

Isolated Transactions Not Enough to Constitute a Business; Regular Buying and Selling Required for Business Status.

April 8, 2017

Case Laws Income Tax AT

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