https://www.taxtmi.com/caselaws?id=161112 The court ruled against the Department, determining that the purchase and sale of shares were not a venture in the nature of trade. Therefore, the income from the sale was not taxable as revenue receipt. The assessee was awarded costs of Rs. 300. en-us Mon, 18 Mar 1957 00:00:00 +0530 Fri, 03 Jan 2014 18:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=161112 The court ruled against the Department, determining that the purchase and sale of shares were not a venture in the nature of trade. Therefore, the income from the sale was not taxable as revenue receipt. The assessee was awarded costs of Rs. 300. Case-Laws Income Tax Mon, 18 Mar 1957 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=161112