https://www.taxtmi.com/caselaws?id=37208 Under the U.P. Agricultural Income-tax Act, 1949, sale proceeds of timber from planted groves and trees were treated as capital receipts where there was no proof that the trees formed a regenerating source of income; mere felling and sale did not, by itself, make the receipt agricultural income, and the proceeds were therefore outside tax. Income from property held under a genuine religious or charitable trust was also excluded from the assessee's total agricultural income, because trust property is not clubbed with the individual income of the trustee under the statutory scheme. en-us Fri, 13 Apr 1979 00:00:00 +0530 Sat, 27 Mar 2010 14:03:30 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37208 Under the U.P. Agricultural Income-tax Act, 1949, sale proceeds of timber from planted groves and trees were treated as capital receipts where there was no proof that the trees formed a regenerating source of income; mere felling and sale did not, by itself, make the receipt agricultural income, and the proceeds were therefore outside tax. Income from property held under a genuine religious or charitable trust was also excluded from the assessee's total agricultural income, because trust property is not clubbed with the individual income of the trustee under the statutory scheme. Case-Laws Income Tax Fri, 13 Apr 1979 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37208