Tag Archives: adventure in the nature of trade

Purchase and Sale of Land in short span is business activity chargeable to tax

By | October 12, 2016

Held we have no hesitation to hold that the impugned land was purchased with an intention to sell the same to the identified buyers to achieve commercial objectives outright. As noted earlier, section 2(13) of the Act seek to explain the term of ‘business’ by way of inclusive definition. As per section 2(13) expression ‘business’… Read More »