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1999 (11) TMI 13 - HC - Income TaxExtract: .......les, 1922, it was held that exemption was to be granted to the extent of 60 per cent. thereof representing agricultural income and tax was to be levied only on 40 percent. The manner of computation was not in issue, which is involved in the case at hand. The question is answered in the affirmative, in favour of the assessee and against the Revenue.
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