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<h1>High Court upholds tax deduction for partner's agricultural lands but denies exemption for coffee & tea bushes</h1> <h3>T. Raghuraman Versus Commissioner Of Wealth-Tax</h3> The High Court of Madras ruled in favor of the Department in a tax case involving the deduction under section 5(1)(iva) of the Wealth-tax Act for a ... Wealth Tax, Exemption, Growing Crops, Firm, Partner The High Court of Madras delivered a judgment on two tax cases. One case was at the instance of the assessee regarding the exemption of coffee and tea bushes under the Wealth-tax Act, which was denied. The other case was at the instance of the Department regarding the deduction under section 5(1)(iva) of the Wealth-tax Act for a partner in a firm owning agricultural lands, which was allowed. The court answered both questions of law accordingly.