https://www.taxtmi.com/caselaws?id=49251 Amounts received under a statutory rubber re-plantation fund were held to be revenue receipts rather than capital accretions. The payments were made in proportions linked to rubber production and were repayable only against expenditure actually incurred on replanting, new planting, or plantation maintenance. Because the assessees were planters and the sums merely recouped outlay connected with maintaining and producing the income-yielding plantation, the receipts were treated as reimbursement of revenue expenditure. They were therefore assessable to tax, and the appeals were dismissed. en-us Fri, 17 Dec 1965 00:00:00 +0530 Sun, 17 Aug 2014 14:41:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49251 Amounts received under a statutory rubber re-plantation fund were held to be revenue receipts rather than capital accretions. The payments were made in proportions linked to rubber production and were repayable only against expenditure actually incurred on replanting, new planting, or plantation maintenance. Because the assessees were planters and the sums merely recouped outlay connected with maintaining and producing the income-yielding plantation, the receipts were treated as reimbursement of revenue expenditure. They were therefore assessable to tax, and the appeals were dismissed. Case-Laws Income Tax Fri, 17 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49251