Supreme Court · 1967 INSC 276 · Decided 24 November 1967
Khan Bahadur Ahmed Alladin & Sons v. Commissioner of Income-Tax, Andhra Pradesh
- Court
- Supreme Court of India
- Citation
- 1967 INSC 276 · [1968] 2 S.C.R. 439
- Case number
- CIVIL APPEAL No. 708/1966
- Decided
- 24 November 1967
- Bench
- J.C. SHAH, V. RAMASWAMI, VISHISHTHA BHARGAVA (3-judge bench)
- Outcome
- Dismissed
- Case type
- Civil
- Acts & sections cited
- Income Tax Act Section 2(4)
Headnote
B c D It F G H KHAN BAHADUR AHMED ALLADIN & SONS v. COMMISSIONER OF INCOME-TAX, ANDHRA PRADESH November 24, 1967 [J. C. SHAH, V. RAMASWAMI AND V. BHARGAVA, JJ.) Indian Income-tax Act, 1922, s. 2(4)-Adventure in the nature of trade--What is-Tests to determine-Question is mixed question of shortlv afterwards at a higher price. It admitted before the Income-tax autho­ rities that the purchase and sale in respect of the stores constituted an adventure in the nature of trade, but in respect of the land and buildings sold it contended that they had been purchased by way of
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