Rubber felling and cutting trees in 2 hectares amounts to 23.5 Lakh, which is taxable? In this case, the agreements are only made to obtain income from latex and coconut under the Farm Income Tax Act. This case of tax revision under the law on the sale of non-economic rubber trees under three agreements with different data and in different areas. The assessment authority and the appeal authority, which found the interpretation of the agreement, would grant the right to clear the rubber trees contained in the agreement. On this basis, the part of the consideration of the sale was considered agricultural income and this assessment was challenged before the appeals authority. The Assistant Appeals Commissioner upheld the assessment and dismissed the complaint. The petitioner appealed to the Court of Appeal for Farm Income Tax. The Tribunal, after considering the various aspects of the case, also upheld the Ombudsman`s decision with regard to interest and bank charges, as well as the costs of repairing the road and the link wall. The consideration received by the notator as part of a tree felling and removal agreement must be doubled and this part, which deals with latex, is taxable. The agreement stipulates that the buyer employs his own workers for siphoning as well as for the felling and removal of trees. The owner authorizes the buyer to cut down before the trees are felled.

The agreement also provides that “the latex collected by the slaughter by the second part will be taken over by the first part for cutting during the first two-month period, while the second part will be, at its expense, a temporary smoke house. The market value of the rubber obtained by the slaughter by the second part and taken over by the first part is assessed at the prevailing market price at the time of production and exit costs.┬áThe parties therefore intended to enter into an agreement on the sale of the rubber trees that granted and obtained authorization for the felling of the trees sold. (d) The lessor`s income and the income received by the lessor on the basis of the lease agreement must be desperate in cases where W.P. (C) No. 2190 of 2008 is disputed. (a) Revenue from the producer`s latex, when the “butcher`s tap” of rubber trees is made by the owner himself, is farm income; As is the case, the amounts that the owner of third-party trees (tenants) for the right to take latex during the “butcher`s tap” remain farm income. –Agricultural income—-CHARGEABILITY-Unprofitable rubberwood sales agreement — providing buyers to cut down trees before cutting — is part of the reflection on sales related to excise latex. Is the rubber plantation company entitled to a turnover tax exemption for the sale of old and inferior rubber trees? – Maintained that :- Trees or wood extracted when cutting such trees c… … The exemption CIT (A) in its decision prohibiting the tax exemption for the company of the appraiser, the commercial enterprise on the basis of revenues derived from the sale of latex during the transitional period between the date of the agreement… (e) If the owner of the tree is authorized to “cut down” the rooster with consent to the felling and removal of the trees, the revenues from the latex and the value of the trees must be disassembled.

Land transformation – whether or not the land transformed by the industrial park (residential land) is an agricultural area? – Hold that:- The certificate issued by the village office… . 8.Therefore, the controversy over the case can be resolved as follows: .