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1971 (10) TMI 19 - HC - Income TaxAgricultural income - assessee had taken 332 acres of land on lease - Whether, on the facts and in the circumstances of the case, the income of Rs. 21,000 was liable to be exempt as agricultural income under section 4(3)(viii) of the Indian Income-tax Act, 1922, equal to section 10(1) read with section 2(1)(a) of the Income-tax Act, 1961 – question is answered in the negative, i.e., in favour of the department and against the assessee
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