https://www.taxtmi.com/caselaws?id=6488 A single isolated transfer can amount to an adventure in the nature of trade if the surrounding facts show a dominant intention to resell at a profit and the transaction bears clear trade indicia. Relevant factors include the original acquisition, subsequent diversion of the asset, negotiations for resale, and later conduct supporting an intention to sell to advantage. The fact that the transaction was outside the assessee's ordinary business does not, by itself, prevent business character. The discussion also notes that a later claim and receipt of additional consideration may reinforce the inference of a trading venture rather than capital investment. en-us Fri, 10 Sep 1976 00:00:00 +0530 Fri, 05 Dec 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6488 A single isolated transfer can amount to an adventure in the nature of trade if the surrounding facts show a dominant intention to resell at a profit and the transaction bears clear trade indicia. Relevant factors include the original acquisition, subsequent diversion of the asset, negotiations for resale, and later conduct supporting an intention to sell to advantage. The fact that the transaction was outside the assessee's ordinary business does not, by itself, prevent business character. The discussion also notes that a later claim and receipt of additional consideration may reinforce the inference of a trading venture rather than capital investment. Case-Laws Income Tax Fri, 10 Sep 1976 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6488