https://www.taxtmi.com/caselaws?id=7667 Receipts from the sale of rosewood trees cut from abandoned or jungle land were not agricultural income because the land was not actually used for cultivation in the relevant accounting years, so the statutory condition for levy under the Mysore Agricultural Income-tax Act was absent. Sale proceeds from rosewood shade trees in coffee plantations were capital receipts because such trees formed part of the fixed capital structure of the estate and were not trees planted for sale as timber. Accordingly, the assessment on those sale proceeds could not stand, and relief was due to the assessee. en-us Tue, 16 Dec 1969 00:00:00 +0530 Tue, 17 Mar 2009 12:02:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=7667 Receipts from the sale of rosewood trees cut from abandoned or jungle land were not agricultural income because the land was not actually used for cultivation in the relevant accounting years, so the statutory condition for levy under the Mysore Agricultural Income-tax Act was absent. Sale proceeds from rosewood shade trees in coffee plantations were capital receipts because such trees formed part of the fixed capital structure of the estate and were not trees planted for sale as timber. Accordingly, the assessment on those sale proceeds could not stand, and relief was due to the assessee. Case-Laws Income Tax Tue, 16 Dec 1969 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=7667