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Income Tax - Highlights / Catch Notes

Home Highlights May 2015 Year 2015 This

Transaction in the nature of adventure - Capital gain or ...

Case Laws     Income Tax

May 23, 2015

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

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