Home Case Index All Cases Income Tax Income Tax + SC Income Tax - 1965 (12) TMI SC This
Forgot password New User/ Regiser ⇒ Register to get Live Demo
1965 (12) TMI 36 - SC - Income TaxExtract: .......ut down and sold after they had become useless by efflux of time. The grevelia trees in the tea estate of the respondent constituted therefore capital assets and the proceeds derived therefrom by sale as firewood would not constitute agricultural income under the Act. The appeal has therefore no merits and is dismissed with costs. Appeal dismissed.
|