https://www.taxtmi.com/caselaws?id=198336 Poola grass licence income was treated as sayar income under the land reforms scheme and had to be separately counted in compensation assessment rather than merged with forest income. The statutory methods for computing average annual forest income were alternative modes of valuation: income from past years and appraised annual yield on the vesting date could not be mechanically added together, and the High Court's computation was upheld. Income from processing wood or sale of timber was trading income, not forest income, and was properly excluded. Overall, the compensation assessment was substantially affirmed, subject only to inclusion of poola grass income for the specified fasli years. en-us Fri, 11 Feb 1972 00:00:00 +0530 Mon, 29 Jan 2018 16:02:14 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=198336 Poola grass licence income was treated as sayar income under the land reforms scheme and had to be separately counted in compensation assessment rather than merged with forest income. The statutory methods for computing average annual forest income were alternative modes of valuation: income from past years and appraised annual yield on the vesting date could not be mechanically added together, and the High Court's computation was upheld. Income from processing wood or sale of timber was trading income, not forest income, and was properly excluded. Overall, the compensation assessment was substantially affirmed, subject only to inclusion of poola grass income for the specified fasli years. Case-Laws Indian Laws Fri, 11 Feb 1972 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=198336