https://www.taxtmi.com/caselaws?id=27369 The court affirmed the Tribunal's decision that the transactions constituted an adventure in the nature of trade, upheld the title in lands vested in the assessee at the time of sale, and determined that the profit earned from the sale of plots during the relevant year is taxable. The court ruled against the assessee on all three issues, supporting the Tribunal's findings and upholding the taxation of profits. en-us Wed, 12 Dec 1984 00:00:00 +0530 Fri, 12 Feb 2010 13:36:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27369 The court affirmed the Tribunal's decision that the transactions constituted an adventure in the nature of trade, upheld the title in lands vested in the assessee at the time of sale, and determined that the profit earned from the sale of plots during the relevant year is taxable. The court ruled against the assessee on all three issues, supporting the Tribunal's findings and upholding the taxation of profits. Case-Laws Income Tax Wed, 12 Dec 1984 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27369