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2012 (9) TMI 1105 - AT - Income TaxAgricultural income qualifying for exemption under section 10(1) - Held that:- The authorities belong indeed erred in law and on facts of this case in holding that the impugned income is not agricultural income. We, therefore, direct the Assessing Officer to treat the said income as agricultural income under section 2 (1A)(b)(i) of the Act. As a corollary to this direction, the Assessing Officer shall also exclude the said income from the total income under section 10(1) of the Act.
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