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Income Tax - Highlights / Catch Notes

Home Highlights April 2017 Year 2017 This

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

Case Laws     Income Tax

April 8, 2017

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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