https://www.taxtmi.com/caselaws?id=7013 Amounts received for felling trees under a clear-felling forest regime were treated as revenue in character because the arrangement involved removal of recurring growth while the roots, stumps and underlying asset remained intact for regeneration. Since the asset was not sterilised and future growth was contemplated, the receipt was not capital in nature. The amount was therefore assessable to income-tax as a revenue receipt. en-us Wed, 03 Aug 1966 00:00:00 +0530 Sat, 07 Feb 2009 19:31:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7013 Amounts received for felling trees under a clear-felling forest regime were treated as revenue in character because the arrangement involved removal of recurring growth while the roots, stumps and underlying asset remained intact for regeneration. Since the asset was not sterilised and future growth was contemplated, the receipt was not capital in nature. The amount was therefore assessable to income-tax as a revenue receipt. Case-Laws Income Tax Wed, 03 Aug 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7013