https://www.taxtmi.com/caselaws?id=191782 Sale proceeds from forest trees and forest produce were treated as taxable income because the trees and their spontaneous growth remained a source capable of yielding income, so the realisation was not a capital receipt. The assessee's claim that the receipts, or any part of them, were agricultural income also failed because agricultural income requires proof of actual integrated agricultural operations on the relevant land, such as cultivation or planting, and the evidence did not show that such operations were carried out during the accounting year. Both questions were answered against the assessee. en-us Fri, 21 Aug 1964 00:00:00 +0530 Fri, 21 Apr 2017 16:42:56 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=191782 Sale proceeds from forest trees and forest produce were treated as taxable income because the trees and their spontaneous growth remained a source capable of yielding income, so the realisation was not a capital receipt. The assessee's claim that the receipts, or any part of them, were agricultural income also failed because agricultural income requires proof of actual integrated agricultural operations on the relevant land, such as cultivation or planting, and the evidence did not show that such operations were carried out during the accounting year. Both questions were answered against the assessee. Case-Laws Income Tax Fri, 21 Aug 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=191782