https://www.taxtmi.com/caselaws?id=8766 Receipts from slaughter-tapping and sale of old rubber trees were not agricultural income under section 2(a) of the Agricultural Income-tax Act, 1950. The agreement showed that the assessee acquired the trees for removal and annihilation, with the land remaining with the owner for replanting, so the land was only the place of extraction and not the source of any continuing agricultural yield to the assessee. The amounts were therefore treated as consideration for sale of goods rather than income derived from land. The issue was answered against the department and in favour of the assessee. en-us Wed, 08 Mar 1972 00:00:00 +0530 Wed, 03 Jun 2009 18:19:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=8766 Receipts from slaughter-tapping and sale of old rubber trees were not agricultural income under section 2(a) of the Agricultural Income-tax Act, 1950. The agreement showed that the assessee acquired the trees for removal and annihilation, with the land remaining with the owner for replanting, so the land was only the place of extraction and not the source of any continuing agricultural yield to the assessee. The amounts were therefore treated as consideration for sale of goods rather than income derived from land. The issue was answered against the department and in favour of the assessee. Case-Laws Income Tax Wed, 08 Mar 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=8766