https://www.taxtmi.com/caselaws?id=190002 Where primary facts supporting profit motive and non trade explanations are equally consistent, no legal inference of an adventure in the nature of trade can be drawn; applying that principle, profits from sale of three gold bars were not proved to be trading income and thus were not taxable as such. Separately, for commercial commodities that constitute divisible stock rather than a single indivisible unit, profits from part disposals can be ascertained and taxed before disposal of the whole, provided ordinary stock accounting and valuation practices permit such apportionment. en-us Fri, 13 Jan 1950 00:00:00 +0530 Tue, 31 Jan 2017 14:29:33 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=190002 Where primary facts supporting profit motive and non trade explanations are equally consistent, no legal inference of an adventure in the nature of trade can be drawn; applying that principle, profits from sale of three gold bars were not proved to be trading income and thus were not taxable as such. Separately, for commercial commodities that constitute divisible stock rather than a single indivisible unit, profits from part disposals can be ascertained and taxed before disposal of the whole, provided ordinary stock accounting and valuation practices permit such apportionment. Case-Laws Income Tax Fri, 13 Jan 1950 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=190002