The evaluating authority and the appeal authority, which ruled on an interpretation of the agreement, would have the right to cut down the rubber trees contained in the agreement. On that basis, the portion of the sales consideration was considered to be farm income and this predisposition was challenged before the appeal authority. The Appeal Counsel upheld the assessment and dismissed the appeal. The petitioner appealed to the Farm Income Tax Appeal Court. The Tribunal also upheld, after considering the various aspects of the case, the injunction of the Deputy Delegate of Appeal Procedure with regard to interest and bank charges, as well as the costs of repairing the road and the connecting wall. (d) the income received by the lessee and the income received by the lessor on the basis of the lease are, in cases where W.P.(C) No 2190 of 2008 is disputed, to be branched. Are rubber plantation companies entitled to exemption from turnover TAX for the sale of old and uncompromising rubber trees? – noted: – Trees or wood obtained during the cutting of such trees c. . The consideration obtained by the Assessee under an agreement on the felling, stinging and removal of trees must be split and the part related to latex is taxable. The agreement stipulates that the buyer must employ his own workers for the removal of the felling as well as for the felling and removal of the trees. The owner authorizes the buyer to have the trees felled before the trees are felled. The agreement also provides that “the latex collected by the second party by slaughter sampling will be taken over by the first party for dismemberment purposes during the initial period of two months, the second party must install at its own expense a temporary smoke in the property.
The market value of rubber produced by slaughter levy by the second party and taken over by the first party shall be valued at the market price at that time, less the costs of hardening and production. The parties therefore intended to conclude an agreement on the sale of the rubber trees, which will grant and obtain permission to cut down and cut down the trees sold. (a) the revenue from latex by the producer when the “felling tap” of rubber trees is made by the owner himself is farm income. Thus, the sums collected by the owner of the trees of third parties (tenant) for the right to take the latex during the “felling tap” remain agricultural income. (e) If the owner of the tree is authorized to cut down the “butcher`s tap” with the agreement to cut down and remove the trees, the revenues from the latex and the value of the trees must be split. . . .