1972 (4) TMI 2

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.... this tax case is as to whether the sale value of albezia trees of Rs. 6,080 and the sale value of malavembu trees of Rs. 3,970 are includible as taxable receipts of the assessee along with his other agricultural income. The assessee's contention was that these trees have been specially planted by him only with a view to give shade to the rubber plants and that the object of planting these trees w....

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....ween the type of plants and trees grown would make the administration of the Act difficult and the computation of income allowing only those expenses attributable to the growth of trees other than those trees which are to be treated as capital assets almost impossible of determination. It is precisely for this reason that all expenses incurred in connection with the agricultural operations are tre....

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.... v. Karimtharuvi Tea Estate Ltd. In that case, their Lordships of the Supreme Court had to consider a question similar to the one arising in this case. That case arose under the provisions of the Kerala Agricultural Income-tax Act, 1950. There a company, which carried on business of manufacturing and selling tea, grew grevelia trees in its tea estate solely for the purpose of affording shade for t....