9911796707
TMI Blog1997 (9) TMI 15X X X X Extracts X X X X X X X X Extracts X X X X ..... er of Agricultural Income-tax, Madras, dated July 26, 1989, who has held that the petitioner is not entitled to the benefit of compounding for the assessment year 1984-85 as his holding during that year was over 100 acres being 100.75 acres. Under section 10(1) of the Tamil Nadu Agricultural Income-tax Act, a person who holds or held land during any part of the financial year in excess of the exem ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ld after he is permitted to compound. The Act does not contemplate levy of tax for parts of the year, the year is the unit and it is the income for the year that is the basis for the assessment. For the purpose of compounding it is the maximum extent of land held during any part of the year which has to be the basis for determining the composition fee. The impugned order of the Commissioner of Ag ..... X X X X Extracts X X X X X X X X Extracts X X X X
|
