https://www.taxtmi.com/caselaws?id=154185 Sale proceeds from felling, sizing and disposal of shade trees in a coffee estate were treated as capital receipts because the trees formed part of the estate's fixed assets and remained shade trees essential to the plantation. Their disposal, even over time and in different forms, did not convert them into stock-in-trade. Under the then definition of business in the Karnataka Sales Tax Act, incidental or ancillary disposals were not enough to constitute trading activity before the enlarged definition applied. The receipts were therefore not taxable as turnover and were held to be of a capital nature. en-us Tue, 22 Nov 1983 00:00:00 +0530 Fri, 09 Aug 2013 18:45:49 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154185 Sale proceeds from felling, sizing and disposal of shade trees in a coffee estate were treated as capital receipts because the trees formed part of the estate's fixed assets and remained shade trees essential to the plantation. Their disposal, even over time and in different forms, did not convert them into stock-in-trade. Under the then definition of business in the Karnataka Sales Tax Act, incidental or ancillary disposals were not enough to constitute trading activity before the enlarged definition applied. The receipts were therefore not taxable as turnover and were held to be of a capital nature. Case-Laws VAT and Sales Tax Tue, 22 Nov 1983 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154185