https://www.taxtmi.com/caselaws?id=186793 A single transaction can constitute an adventure in the nature of trade where the surrounding facts show a commercially organised scheme for profit. The assessee's acquisition of a rubber estate, its subdivision into plots, and the finding of purchasers for most plots supported the conclusion that the surplus arose from a trading venture rather than a mere realisation of capital. The facts also undermined the explanation that the assessee played no role in the resale arrangements. The surplus was therefore treated as profit from an adventure in the nature of trade and assessed to income-tax. en-us Mon, 10 Oct 1966 00:00:00 +0530 Fri, 30 Sep 2016 17:00:05 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=186793 A single transaction can constitute an adventure in the nature of trade where the surrounding facts show a commercially organised scheme for profit. The assessee's acquisition of a rubber estate, its subdivision into plots, and the finding of purchasers for most plots supported the conclusion that the surplus arose from a trading venture rather than a mere realisation of capital. The facts also undermined the explanation that the assessee played no role in the resale arrangements. The surplus was therefore treated as profit from an adventure in the nature of trade and assessed to income-tax. Case-Laws Income Tax Mon, 10 Oct 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=186793