https://www.taxtmi.com/highlights?id=55996 Correct head on income - Income from trees - Any compensation received in lieu of loss thereof would form part of assessee’s trading operations. The same is evident from the fact that cut trees sold by the assessee constituted its trading income and the same were accepted to be agricultural income. Similar treatment was to be given to the compensation received for loss of trees. - AT en-us Tue, 22 Dec 2020 14:11:08 +0530 Tue, 22 Dec 2020 14:11:08 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=55996 Correct head on income - Income from trees - Any compensation received in lieu of loss thereof would form part of assessee’s trading operations. The same is evident from the fact that cut trees sold by the assessee constituted its trading income and the same were accepted to be agricultural income. Similar treatment was to be given to the compensation received for loss of trees. - AT Highlights Income Tax Tue, 22 Dec 2020 14:11:08 +0530 https://www.taxtmi.com/highlights?id=55996