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SALE OF STANDING TREES

Income Tax - Started By: - ROHIT GOEL - Dated:- 13-2-2018 Last Replied Date:- 21-2-2018 - Hi,If land is purchased with standing trees and later on these trees are sold, would it be right to not treat the income as agriculture income just because basi .....

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& Co. = 1959 (4) TMI 20 - SUPREME COURT OF INDIA - Reply By Kishan Barai - The Reply = Rightly coined by Kasturi Sir, but you can make an agreement in NON Judicial stamp paper that fruits acquired from it would be under the ownership of your fri .....

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