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1996 (3) TMI 20 - MADRAS HIGH COURTExtract: .......d bamboos, which were removed once for all, it cannot be considered as revenue in nature. As per the decision of the Supreme Court cited supra, the sale proceeds of the dead and flowered bamboos would only be in the nature of capital receipt. Accordingly, we answer the question referred to us in the affirmative and against the Department. No costs.
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