https://www.taxtmi.com/caselaws?id=194946 The Supreme Court of Ceylon and the District Judge ruled in favor of the plaintiffs in an action on a mortgage bond, rejecting the defense's claim that the transactions were wagering transactions based on rubber prices. The courts found the transactions to be genuine commercial dealings rather than bets, emphasizing the parties' material interest in the outcomes. The appeal was dismissed, and the appellant was directed to bear the costs. en-us Fri, 05 Dec 1941 00:00:00 +0630 Sat, 07 Oct 2017 16:29:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194946 The Supreme Court of Ceylon and the District Judge ruled in favor of the plaintiffs in an action on a mortgage bond, rejecting the defense's claim that the transactions were wagering transactions based on rubber prices. The courts found the transactions to be genuine commercial dealings rather than bets, emphasizing the parties' material interest in the outcomes. The appeal was dismissed, and the appellant was directed to bear the costs. Case-Laws Indian Laws Fri, 05 Dec 1941 00:00:00 +0630 https://www.taxtmi.com/caselaws?id=194946