TMI BlogTransaction in the nature of adventure - Capital gain or business income - Ordinarily an isolated...Transaction in the nature of adventure - Capital gain or business income - Ordinarily an isolated transaction cannot be the sole criterion to test as to whether it is in the nature of trade or sale of investment. A holistic and overall view of the transaction has to be taken. - HC ..... X X X X Extracts X X X X X X X X Extracts X X X X
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