9911796707
TMI Blog1972 (5) TMI 9X X X X Extracts X X X X X X X X Extracts X X X X ..... in view of that, the learned judge has held that the income derived by the purchasers of the trees from slaughter-tapping was not agricultural income - income from the slaughter-tapping was not agricultural income was correct - - - - - Dated:- 31-5-1972 - Judge(s) : G. VISWANATHA IYER., T. C. RAGHAVAN. JUDGMENT The judgment of the court was delivered by RAGHAVAN C.J.-The decision of the ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Yoosuf's case ) is erroneous, in view of the recitals in the relevant documents of purchase in these cases. The Government Pleader has, however, pointed out that there are some observations by the single judge in the judgment under appeal in the first case, which might suggest that a purchaser of rubber trees for slaughter-tapping will not be liable for agricultural income-tax under any circumsta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... rees and he derived income from slaughter-tapping; the Division Bench pointed out that, in such a case, the income derived from the latex obtained by slaughter-tapping would be agricultural income, but the income derived from the sale of the trees would be only capital receipt. Obviously, there is distinction between the two types of cases; and the observation of the single judge in the decision n ..... X X X X Extracts X X X X X X X X Extracts X X X X
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