1985 (2) TMI 34

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... of this court: " 1. Whether the sale of timber from the planted groves prior to the introduction of section 6A in the Agricultural Income-tax Act was liable to be assessed as agricultural income under the Act ? 2. If the answer to question No. 1 be in the affirmative, whether, on the facts and in the circumstances of the case, the amount representing the sale proceeds of planted groves and tre .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ion is answered by saying that the assessee was not liable to tax for the sale of timber from the planted groves. So far as the second question is concerned, that is really academic, but as it refers to the sale proceeds of planted groves and trees, in order to avoid any confusion, it is necessary to answer it by saying that the sale proceeds of planted groves and trees were capital receipts and a .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X