https://www.taxtmi.com/caselaws?id=21834 The High Court ruled in favor of the assessee on the valuation of rubber trees and taxability of the replantation subsidy, finding no capital gains on the sale of old trees and determining the subsidy as not subject to income tax. However, the Court remanded the issue of bonus payment deduction back to the Tribunal for further examination to ensure consistency in accounting practices. en-us Wed, 31 Oct 1990 00:00:00 +0530 Tue, 01 Dec 2009 18:48:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=21834 The High Court ruled in favor of the assessee on the valuation of rubber trees and taxability of the replantation subsidy, finding no capital gains on the sale of old trees and determining the subsidy as not subject to income tax. However, the Court remanded the issue of bonus payment deduction back to the Tribunal for further examination to ensure consistency in accounting practices. Case-Laws Income Tax Wed, 31 Oct 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=21834