G. Venkataswami Naidu And Co. vs Commissioner Of Income-Tax, Madras on 18 April, 1955
In the case of G. Venkataswami Naidu and Co. v. Commissioner of Income-Tax (supra), four plots of land were the subject matter. One was purchased in October 1941 in the name of benamidar, the second in November 1941, the third in November, 1942 and the 4th one in November 1941 and thereafter after the plots were transferred.