https://www.taxtmi.com/caselaws?id=8563 Whether a sum credited as estimated value of rubber trees used as fuel is revenue or capital turns on whether the trees formed part of a continuing productive plantation or constituted exhausted/jungle growth; the court applied authorities distinguishing sale/removal of productive plantation trees (capital) from sale of wild or exhausted trees (revenue). Factual findings showed the rubber trees were old, unproductive and equivalent to jungle growth and the estate had not been operated as a plantation; applying the exhausted-plantation principle the HC upheld the Tribunal and treated the amount as a revenue receipt taxable as income. en-us Wed, 07 Apr 1965 00:00:00 +0530 Thu, 30 Apr 2009 16:37:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8563 Whether a sum credited as estimated value of rubber trees used as fuel is revenue or capital turns on whether the trees formed part of a continuing productive plantation or constituted exhausted/jungle growth; the court applied authorities distinguishing sale/removal of productive plantation trees (capital) from sale of wild or exhausted trees (revenue). Factual findings showed the rubber trees were old, unproductive and equivalent to jungle growth and the estate had not been operated as a plantation; applying the exhausted-plantation principle the HC upheld the Tribunal and treated the amount as a revenue receipt taxable as income. Case-Laws Income Tax Wed, 07 Apr 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8563