1964 (6) TMI 2

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..... he case in its paragraph 2 reads: " The assessee purchased a coffee estate known as 'Greenfield' Estate in Coorg in 1958. During the accounting year 1959-60, relevant to the assessment year, 1960-61, the assessee sold certain dead and wind fallen avenue trees for a sum of Rs. 68,690 and credited in the profit and loss account under miscellaneous receipts in Greenfield Estate. Of this, Rs. 68,000 .....

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..... er income therefrom. The receipts must then be of a capital nature. The question referred, therefore, has to be answered in the negative and in favour of the assessee. We do so. No order as to costs here. Registrar will send a copy of this judgment under his signature and seal of the court to the Income-tax Appellate Tribunal as required under section 66(5) of the Income-tax Act, 1922.
Case l .....

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