https://www.taxtmi.com/caselaws?id=56123 The Tribunal allowed the appeals, deleting the additions of Rs. 3,38,000 for A.Y. 1979-80 and Rs. 22,75,500 for A.Y. 1981-82, and set aside the disallowance of Rs. 7,385 for A.Y. 1979-80. The Tribunal held the company maintained its character as an Investment Holding Company, and the sales of Gold Bonds did not constitute adventures in the nature of trade. en-us Wed, 18 Jul 1990 00:00:00 +0530 Sun, 06 Feb 2011 03:40:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=56123 The Tribunal allowed the appeals, deleting the additions of Rs. 3,38,000 for A.Y. 1979-80 and Rs. 22,75,500 for A.Y. 1981-82, and set aside the disallowance of Rs. 7,385 for A.Y. 1979-80. The Tribunal held the company maintained its character as an Investment Holding Company, and the sales of Gold Bonds did not constitute adventures in the nature of trade. Case-Laws Income Tax Wed, 18 Jul 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=56123