https://www.taxtmi.com/caselaws?id=288982 Where a money-lender acquired a money decree with the dominant intention at acquisition to put it into execution and realise funds, the transaction bears the character of an adventure in the nature of trade; the purchaser's motive and surrounding circumstances determine this classification, and a single isolated transaction may qualify if linked to the lender's business. Applying that principle, the Tribunal's inference that the profit of Rs. 68,880 arose from such a trading venture is upheld. Consequently, the profit is not a casual or capital accretion and is assessable to tax; appeal dismissed against the assessee. en-us Tue, 18 Dec 1962 00:00:00 +0530 Wed, 08 Jul 2020 17:20:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=288982 Where a money-lender acquired a money decree with the dominant intention at acquisition to put it into execution and realise funds, the transaction bears the character of an adventure in the nature of trade; the purchaser's motive and surrounding circumstances determine this classification, and a single isolated transaction may qualify if linked to the lender's business. Applying that principle, the Tribunal's inference that the profit of Rs. 68,880 arose from such a trading venture is upheld. Consequently, the profit is not a casual or capital accretion and is assessable to tax; appeal dismissed against the assessee. Case-Laws Indian Laws Tue, 18 Dec 1962 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=288982