https://www.taxtmi.com/caselaws?id=169448 Income from forest land is treated as agricultural income where the land is shown to be subjected to sustained forestry operations involving planting, clearing, protection, regeneration, and other human skill and labour; on that basis, the forest receipts were not taxable as non-agricultural income. Separate rice transactions with the Ceylon Government were treated as organised commercial dealings, so the resulting profits were assessable as business income. For rule 23 valuation of paddy received as rent in kind, the correct market basis was Koraput rather than Calcutta. An annual payment charged on the estate for Andhra University was not excluded as trust property or income diverted at source, and the claimed damages deduction was not allowed. en-us Wed, 13 Apr 1955 00:00:00 +0530 Tue, 21 Apr 2015 11:08:17 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169448 Income from forest land is treated as agricultural income where the land is shown to be subjected to sustained forestry operations involving planting, clearing, protection, regeneration, and other human skill and labour; on that basis, the forest receipts were not taxable as non-agricultural income. Separate rice transactions with the Ceylon Government were treated as organised commercial dealings, so the resulting profits were assessable as business income. For rule 23 valuation of paddy received as rent in kind, the correct market basis was Koraput rather than Calcutta. An annual payment charged on the estate for Andhra University was not excluded as trust property or income diverted at source, and the claimed damages deduction was not allowed. Case-Laws Income Tax Wed, 13 Apr 1955 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169448