1930 (4) TMI 8

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.... trees are income, liable as such to Income Tax. 2. The assessee is the owner of unassessed forest lands in Malabar and was assessed by the Income Tax Officer, Palghat, for the year 1928-29 on an income of ₹ 5,395 from property and ₹ 3,07,629 from fees received in respect of timber cut and removed from the forests and other miscellaneous receipts. The assessee objects to the latter as....

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....sable income at all although he admits that he can see no difference between the income derived from the sale of coal and the sale of stone quarried in a quarry or from income derived from the sale of paddy grown in land. Of course we are unable to distinguish between the income derived from the sale of paddy which is grown on land and the income derived from the sale of timber cut in a forest; bu....