https://www.taxtmi.com/caselaws?id=276354 Whether a sum realised on transfer of a plantation estate constituted profit from an adventure in the nature of trade or a capital accretion was determined by reference to the assessee's intention at acquisition, conduct between acquisition and sale, and surrounding circumstances; the analysis held that mere family involvement in planting, use of borrowed funds, isolated associations, transfers between related parties, or subsequent sale do not alone convert a capital asset into trading stock, and where the estate was worked and enjoyed with withdrawals and loan repayments over years the receipt was a capital accretion, not a revenue gain. en-us Tue, 03 Oct 1961 00:00:00 +0530 Thu, 08 Nov 2018 10:42:32 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=276354 Whether a sum realised on transfer of a plantation estate constituted profit from an adventure in the nature of trade or a capital accretion was determined by reference to the assessee's intention at acquisition, conduct between acquisition and sale, and surrounding circumstances; the analysis held that mere family involvement in planting, use of borrowed funds, isolated associations, transfers between related parties, or subsequent sale do not alone convert a capital asset into trading stock, and where the estate was worked and enjoyed with withdrawals and loan repayments over years the receipt was a capital accretion, not a revenue gain. Case-Laws Income Tax Tue, 03 Oct 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=276354