TMI BlogSelling of trees which were grown spontaneously for which there is no cost of acquisition - sale of...Selling of trees which were grown spontaneously for which there is no cost of acquisition - sale of trees grown spontaneously has to be treated as capital in nature and since there is no cost of acquisition, it is not liable for taxation. - AT ..... X X X X Extracts X X X X X X X X Extracts X X X X
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