https://www.taxtmi.com/caselaws?id=37693 The court upheld the reopening of the assessment for the year 1967-68 as the sale proceeds of shade trees were not initially disclosed. The gains from the sale of shade trees were treated as assessable capital gains under section 45 of the Income Tax Act, following established judicial precedents. The revenue prevailed in all aspects, and the assessee was ordered to bear the costs. en-us Sat, 31 Dec 1977 00:00:00 +0530 Wed, 31 Mar 2010 15:21:52 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=37693 The court upheld the reopening of the assessment for the year 1967-68 as the sale proceeds of shade trees were not initially disclosed. The gains from the sale of shade trees were treated as assessable capital gains under section 45 of the Income Tax Act, following established judicial precedents. The revenue prevailed in all aspects, and the assessee was ordered to bear the costs. Case-Laws Income Tax Sat, 31 Dec 1977 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=37693