1964 (6) TMI 2

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Full Text of the Document

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....e case in its paragraph 2 reads: " The assessee purchased a coffee estate known as 'Greenfield' Estate in Coorg in 1958. During the accounting year 1959-60, relevant to the assessment year, 1960-61, the assessee sold certain dead and wind fallen avenue trees for a sum of Rs. 68,690 and credited in the profit and loss account under miscellaneous receipts in Greenfield Estate. Of this, Rs. 68,000 w....