https://www.taxtmi.com/caselaws?id=7345 Proceeds from the sale of dead and windfallen trees removed from a coffee estate were capital receipts because the trees had no further growth potential and their removal exhausted the asset without leaving a continuing source of income. The Court distinguished this from cases where cutting leaves stumps capable of regeneration, in which the receipt may be revenue in nature. On that basis, the amount was not taxable as revenue income and was treated as a capital receipt. en-us Tue, 09 Jun 1964 00:00:00 +0530 Wed, 18 Feb 2009 09:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7345 Proceeds from the sale of dead and windfallen trees removed from a coffee estate were capital receipts because the trees had no further growth potential and their removal exhausted the asset without leaving a continuing source of income. The Court distinguished this from cases where cutting leaves stumps capable of regeneration, in which the receipt may be revenue in nature. On that basis, the amount was not taxable as revenue income and was treated as a capital receipt. Case-Laws Income Tax Tue, 09 Jun 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7345