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1967 (1) TMI 30 - MYSORE HIGH COURTMysore Income Tax Act - Assets distributed on partition of HUF. Three coparceners and widow daughter of karta firmed a partnership and carry on the same business. The assessee (undivided family) claimed exemption u/s 25(3) of the Act contending there is a discontinuance of the business originally carried on by the undivided family - assessee is entitled to exemption
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