https://www.taxtmi.com/caselaws?id=27495 Sale of timber from planted groves, on the facts considered, was held not to constitute agricultural income and was therefore not liable to tax. The Court also characterised the sale proceeds of planted groves and trees as capital receipts, bringing them outside the charge of tax. One question was treated as academic and answered only to avoid uncertainty, while the substantive questions were resolved in favour of the assessee. en-us Mon, 18 Feb 1985 00:00:00 +0530 Sat, 13 Feb 2010 12:12:42 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=27495 Sale of timber from planted groves, on the facts considered, was held not to constitute agricultural income and was therefore not liable to tax. The Court also characterised the sale proceeds of planted groves and trees as capital receipts, bringing them outside the charge of tax. One question was treated as academic and answered only to avoid uncertainty, while the substantive questions were resolved in favour of the assessee. Case-Laws Income Tax Mon, 18 Feb 1985 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=27495