Sec. 2(13)

Sec. 10(3), Sec. 2(13)

Rajasthan H.C : Whether, on the facts and in the circumstances of the case, the Tribunal was correct in holding that the assessee was neither carrying on any business in the purchase and sale of paintings nor was the transaction an adventure in the nature of trade and, therefore, the receipts from the sale of paintings were of a casual and non-recurring nature, not arising from business, profession or vocation ?

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High Court Of Rajasthan CIT vs. Moti Chand Khajanchi Sections 10(3), 2(13) Asst. Year 1964-65 J.S.Verma, C.J. & Milap Chandra,

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