https://www.taxtmi.com/caselaws?id=18277 The court ruled in favor of taxation on the sale of shade trees as capital gains under section 45 of the Income-tax Act, considering them integral to the coffee estate. It determined the cost of acquisition for the shade trees based on an allocation from the purchase price of the estate. Additionally, the court denied the assessee benefits under section 54E for investments made in rural development bonds, as the investment was made in a different assessment year from the capital gains. The court's decision was against the assessee on all issues presented. en-us Fri, 03 Nov 1995 00:00:00 +0530 Tue, 29 Sep 2009 18:01:26 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=18277 The court ruled in favor of taxation on the sale of shade trees as capital gains under section 45 of the Income-tax Act, considering them integral to the coffee estate. It determined the cost of acquisition for the shade trees based on an allocation from the purchase price of the estate. Additionally, the court denied the assessee benefits under section 54E for investments made in rural development bonds, as the investment was made in a different assessment year from the capital gains. The court's decision was against the assessee on all issues presented. Case-Laws Income Tax Fri, 03 Nov 1995 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=18277