https://www.taxtmi.com/caselaws?id=49255 Sale proceeds from grevelia trees planted solely as shade in tea estates were held not to be agricultural income under the Kerala Agricultural Income-tax Act, 1950. The Court applied the statutory definition and held that income must be derived from land used for agricultural purposes, or from agriculture or specified connected processes. Because the trees were not grown as a source of income and were sold only after becoming useless, the receipts were treated as the realisation of a capital asset rather than agricultural income. The tax claim therefore failed and the receipts were not liable to tax under the Act. en-us Wed, 15 Dec 1965 00:00:00 +0530 Thu, 12 Aug 2010 17:53:27 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49255 Sale proceeds from grevelia trees planted solely as shade in tea estates were held not to be agricultural income under the Kerala Agricultural Income-tax Act, 1950. The Court applied the statutory definition and held that income must be derived from land used for agricultural purposes, or from agriculture or specified connected processes. Because the trees were not grown as a source of income and were sold only after becoming useless, the receipts were treated as the realisation of a capital asset rather than agricultural income. The tax claim therefore failed and the receipts were not liable to tax under the Act. Case-Laws Income Tax Wed, 15 Dec 1965 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49255