https://www.taxtmi.com/caselaws?id=28544 The High Court ruled in favor of the Revenue regarding the ownership of the 1/3rd share in the property known as "Krishan Bagh Kothi." However, the Court ruled in favor of the assessee concerning the income derived from the sale of plots not being categorized as an adventure in the nature of trade. Additionally, the Court ruled in favor of the assessee regarding the right of appeal against the levy of interest under sections 139(1) and 217 of the Income Tax Act. No order as to costs was made. en-us Mon, 02 Aug 1982 00:00:00 +0530 Tue, 23 Feb 2010 15:29:21 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=28544 The High Court ruled in favor of the Revenue regarding the ownership of the 1/3rd share in the property known as "Krishan Bagh Kothi." However, the Court ruled in favor of the assessee concerning the income derived from the sale of plots not being categorized as an adventure in the nature of trade. Additionally, the Court ruled in favor of the assessee regarding the right of appeal against the levy of interest under sections 139(1) and 217 of the Income Tax Act. No order as to costs was made. Case-Laws Income Tax Mon, 02 Aug 1982 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=28544