https://www.taxtmi.com/caselaws?id=49501 Whether receipts from sale of plots constituted business income turned on the nature of the transactions: acquisition, development, laying out of plots and parcel sales demonstrated commercial character and profit motive rather than mere public welfare work. The legal distinction between business receipts and receipts from other sources (and the limited applicability of public welfare deductions) was applied; even a single venture can be treated as business if land is developed and sold in plots. Outcome: receipts held to be income from business and the High Court's affirmative finding was upheld (appeal dismissed). en-us Tue, 07 Mar 1961 00:00:00 +0530 Sat, 30 Aug 2014 20:38:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49501 Whether receipts from sale of plots constituted business income turned on the nature of the transactions: acquisition, development, laying out of plots and parcel sales demonstrated commercial character and profit motive rather than mere public welfare work. The legal distinction between business receipts and receipts from other sources (and the limited applicability of public welfare deductions) was applied; even a single venture can be treated as business if land is developed and sold in plots. Outcome: receipts held to be income from business and the High Court's affirmative finding was upheld (appeal dismissed). Case-Laws Income Tax Tue, 07 Mar 1961 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49501