https://www.taxtmi.com/caselaws?id=26950 The High Court held that the sale of the rubber estate should not be considered as a separate sale of land and trees for the purpose of taxing capital gains. The standing rubber trees were deemed part of the agricultural land and not a distinct capital asset, leading to no assessable capital gains. The judgment concluded by directing the parties to bear their respective costs and forwarding a copy of the judgment to the Income-tax Appellate Tribunal, Cochin Bench. en-us Tue, 21 Jan 1986 00:00:00 +0530 Tue, 09 Feb 2010 15:40:31 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=26950 The High Court held that the sale of the rubber estate should not be considered as a separate sale of land and trees for the purpose of taxing capital gains. The standing rubber trees were deemed part of the agricultural land and not a distinct capital asset, leading to no assessable capital gains. The judgment concluded by directing the parties to bear their respective costs and forwarding a copy of the judgment to the Income-tax Appellate Tribunal, Cochin Bench. Case-Laws Income Tax Tue, 21 Jan 1986 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=26950