THE COMMISSIONER OF INCOME TAX-1, KOCHI vs. M/S.COCHIN MALABAR ESTATES & INDUSTRIES LTD.

Bench: HONOURABLE MR.JUSTICE S.V.BHATTI,HONOURABLE MR.JUSTICE BASANT BALAJI

172 ITR 95 (Bom) 3 (2019) 416 ITR 311 (Ker) I.T.A. No.179/2014 -12- 01.12.1995. MoA enables the assessee to cut and carry away standing rubber trees in schedule property. The assessee by cutting and carrying away the standing rubber trees shall not be allowed to contend that the schedule property which had rubber plantation could be continued/treated as agricultural land