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2013 (1) TMI 514 - KERALA HIGH COURTRecovery proceedings - Agricultural Income Tax Act 1950 - tax payable for the assessment year 1988- 1989 - Held that:- Agricultural income against the transferor was first assessable during 1988- 1989. The amended assessment order which led to the Revenue Recovery proceedings in question, was passed only on 06.09.1997. This, admittedly, is beyond the five year period specified in Section 35(2), thus Revenue Recovery proceedings initiated against the petitioner by Exts.P3 and P4, is clearly untenable and need to be quashed.
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