https://www.taxtmi.com/caselaws?id=154605 Receipts from latex extracted by slaughter-tapping rubber trees under contractual arrangements were treated as taxable sales rather than agricultural income. The assessee had no ownership of the land and only a contractual right to cut and remove the rubber trees, extract latex and market it; the agreements were not leases of land. On that basis, the Court viewed the transaction as a commercial sale activity, not income derived from agricultural operations. The latex proceeds therefore did not fall within the concept of agricultural income and were exigible to sales tax under the Karnataka Sales Tax Act, 1957. en-us Tue, 28 May 1985 00:00:00 +0530 Sat, 24 Aug 2013 12:06:19 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=154605 Receipts from latex extracted by slaughter-tapping rubber trees under contractual arrangements were treated as taxable sales rather than agricultural income. The assessee had no ownership of the land and only a contractual right to cut and remove the rubber trees, extract latex and market it; the agreements were not leases of land. On that basis, the Court viewed the transaction as a commercial sale activity, not income derived from agricultural operations. The latex proceeds therefore did not fall within the concept of agricultural income and were exigible to sales tax under the Karnataka Sales Tax Act, 1957. Case-Laws VAT and Sales Tax Tue, 28 May 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=154605