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1972 (9) TMI 27 - MADRAS HIGH COURTMadras Agricultural Income Tax Act - Whether a firm not owning property but deriving agricultural income is liable to agricultural income-tax also whether it can be assessed as tenants-in-common - In this revision, the learned counsel for the petitioner-firm raised the same contention and argued that the four partners were tenants-in-common during the assessment year 1962-63, and that, therefore, they are to be assessed only as provided under section 3(3) of the Act.
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