Transaction by assessee
Transaction by assessee legal meaning, translation and judicial precedents.
Meaning & Judicial Interpretation: (اردو مفہوم اور قانونی تشریح)
Question as to whether the transaction was an "adventure in the nature of the trade" amounting to business in terms of S. 2(11) of the Income Tax Ordinance, 1979
No hard and fast rule existed as to whether a transaction constituted an "adventure in the nature of trade" amounting to 'business' in terms of S. 2(11) of the Ordinance; instead, such a determination was dependent upon the facts and circumstances of each case
Principles.
"Transaction by assessee", Pakistan Law Portal, available at: https://paklawportal.com/words-terms-maxims/124961768
Precedents & Case Laws citing "Transaction by assessee"
2017 P T D 1687
FANCY FOUNDATION Versus COMMISSIONER OF INCOME TAX, KARACHI
Court: Supreme Court of Pakistan2017 S C M R 1395
FANCY FOUNDATION — Appellant Versus COMMISSIONER OF INCOME TAX, KARACHI — Respondent
Court: Supreme Court of Pakistan2000 P T D 2336
COMMISSIONER OF INCOME-TAX Versus CHASE TRADING CO.
Court: 236 I T R 6652000 P T D 3582
COMMISSIONER OF INCOME-TAX Versus BASANT INVESTMENT CORPORATION
Court: 238 I T R 6802000 P T D 161
COMMISSIONER OF INCOME-TAX Versus KORLAY TRADING CO. LTD.
Court: 232 I T R 8201996 P T D 1197
COMMISSIONER OF INCOME TAX Versus BAISHNAB CHARAN MOHANTY
Court: 212 I T R 1991969 P T D 816
COMMISSIONER OF INCOME‑TAX, KERALA Versus JOSEPH JOHN
Court: Supreme Court (India)1963 P T D 673
C. VASANTLAL & Co. Versus COMMISSIONER OF INCOME‑TAX, BOMBAY CITY
Court: Supreme Court India1992 P T D 1051
ASHOK KUMAR JALAN Versus COMMISSIONER OF INCOME-TAX
Court: Bombay High Court (India)1968 P T D 179
RAMANLAL PRABHUDAS SHAH Versus COMMISSIONER OF INCOME‑TAX, BOMBAY NORTH
Court: Bombay (India)