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COMMISSIONER OF INCOME-TAX versus SHREYAS CHINUBHAI

Income business income is considered as stock in the land trade as an acquisition of adventure in the nature of capital trade and as a shareholder in the firm and became an asset of the income received by the firm upon retirement. Is not assessed to be taxed under section 28 (iv) In the nature of trade, the business income received from adventure cannot be assessed which does not include transfer of capital asset resulting in taxation. Income such as the Indian Income Tax Act, 1961, sections 28 (iv) and 45 jobs for advocates from Dadu lawyer