https://www.taxtmi.com/caselaws?id=169641 Receipts from the once-and-for-all sale of trees uprooted with their roots were held to be capital in nature, because the transaction amounted to disposal of part of the enduring capital structure rather than recurring exploitation of produce. The trees had grown spontaneously on the land and stood for years, but the sale required uprooting and removal with roots, leaving the land with the assessee. On these facts, the receipt was treated as capital realisation and not income liable to tax. en-us Tue, 26 Apr 1960 00:00:00 +0530 Tue, 28 Apr 2015 18:07:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=169641 Receipts from the once-and-for-all sale of trees uprooted with their roots were held to be capital in nature, because the transaction amounted to disposal of part of the enduring capital structure rather than recurring exploitation of produce. The trees had grown spontaneously on the land and stood for years, but the sale required uprooting and removal with roots, leaving the land with the assessee. On these facts, the receipt was treated as capital realisation and not income liable to tax. Case-Laws Income Tax Tue, 26 Apr 1960 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=169641