Supreme Court · 1965 INSC 88 · Decided 31 March 1965
Janki Ram Bahadur Ram v. Commissioner of Income Tax, Calcutta
- Court
- Supreme Court of India
- Citation
- 1965 INSC 88 · [1965] 3 S.C.R. 604
- Case number
- CIVIL APPEAL No. 308/1964
- Decided
- 31 March 1965
- Bench
- K. SUBBA RAO, J.C. SHAH, S.M. SIKRI (3-judge bench)
- Outcome
- Appeal(s) allowed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 10
Headnote
RAM v. COMMISSIONER OF INCOME TAX, CALCUTTA March 31, 1965 [K. SUBBA RAO, J. c. SHAH AND s. M. Suau, JJ.J In<iian Income-tax Act, 1922 (11 of 1922), s. 10-Purcluise of a different business-Sale-Profit-If taxable. The assessee who was dealing in <iron scrap and hardware had purchased a the total income. At the instance of assessee the Tribunal referred to the High Court, the question, whether the surplus received by the assessee as a result of the sale of the jute press arose out of an ad­ venture in the nature of trade and was, therefore, liable tc tax. The High Court
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