https://www.taxtmi.com/caselaws?id=308302 The appeals in this case were partly allowed, with certain issues being remanded back to the Tribunal for fresh consideration. The court ruled in favor of the Revenue regarding the classification of proceeds from the sale of agricultural land and rubber trees as agricultural income. It upheld the treatment of the sale of Boyce Estate and disallowance of employees' contribution to Provident Fund. The court also confirmed the treatment of loss on the sale of shares as a capital loss, allowing set-off of long-term capital gains. However, it favored the assessee on the disallowance of re-plantation expenses and indexation on the sale proceeds of Grevellea trees. en-us Mon, 17 Sep 2018 00:00:00 +0530 Wed, 14 Jun 2023 18:32:06 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=308302 The appeals in this case were partly allowed, with certain issues being remanded back to the Tribunal for fresh consideration. The court ruled in favor of the Revenue regarding the classification of proceeds from the sale of agricultural land and rubber trees as agricultural income. It upheld the treatment of the sale of Boyce Estate and disallowance of employees' contribution to Provident Fund. The court also confirmed the treatment of loss on the sale of shares as a capital loss, allowing set-off of long-term capital gains. However, it favored the assessee on the disallowance of re-plantation expenses and indexation on the sale proceeds of Grevellea trees. Case-Laws Income Tax Mon, 17 Sep 2018 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=308302