https://www.taxtmi.com/caselaws?id=5528 The Supreme Court ruled that no capital gains accrued when old and unyielding rubber trees were sold, overturning the High Court's decision. The Court also held that the rubber replantation subsidy received by the assessees cannot be treated as a revenue receipt and taxed as income. The appeals related to these issues were allowed, while other points raised in the case were dismissed as not requiring interference. No costs were awarded in the matter. en-us Tue, 16 Jul 1996 00:00:00 +0530 Wed, 26 Nov 2008 00:00:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=5528 The Supreme Court ruled that no capital gains accrued when old and unyielding rubber trees were sold, overturning the High Court's decision. The Court also held that the rubber replantation subsidy received by the assessees cannot be treated as a revenue receipt and taxed as income. The appeals related to these issues were allowed, while other points raised in the case were dismissed as not requiring interference. No costs were awarded in the matter. Case-Laws Income Tax Tue, 16 Jul 1996 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=5528