https://www.taxtmi.com/caselaws?id=22710 The court ruled in favor of the assessee on all issues. It held that the rubber replanting subsidy was not taxable income and that no capital gains arose from the sale of rubber trees due to the higher fair market value compared to the sale proceeds. The court referenced previous decisions and legal principles to support its judgment, providing clarity on the tax treatment of the subsidy and the sale of rubber trees. en-us Thu, 31 May 1990 00:00:00 +0530 Sat, 12 Dec 2009 14:20:45 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=22710 The court ruled in favor of the assessee on all issues. It held that the rubber replanting subsidy was not taxable income and that no capital gains arose from the sale of rubber trees due to the higher fair market value compared to the sale proceeds. The court referenced previous decisions and legal principles to support its judgment, providing clarity on the tax treatment of the subsidy and the sale of rubber trees. Case-Laws Income Tax Thu, 31 May 1990 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=22710