https://www.taxtmi.com/caselaws?id=6662 Joint cultivation by co-lessees and shared profit distribution can show an association of individuals for a common income-producing purpose, but taxability depends on whether the group holds the property in a legally recognised capacity. Here, the lands remained separately owned, and the pooling arrangement was limited to common cultivation under one manager with common accounts. Because the association did not own or hold the lands as owner, trustee, receiver, administrator, partner, company, or in any other recognised capacity, it was not a "person" within section 2(11) and could not be assessed as an association of individuals under the Agricultural Income-tax Act. en-us Wed, 19 Jan 1966 00:00:00 +0530 Sat, 31 Jan 2009 16:46:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6662 Joint cultivation by co-lessees and shared profit distribution can show an association of individuals for a common income-producing purpose, but taxability depends on whether the group holds the property in a legally recognised capacity. Here, the lands remained separately owned, and the pooling arrangement was limited to common cultivation under one manager with common accounts. Because the association did not own or hold the lands as owner, trustee, receiver, administrator, partner, company, or in any other recognised capacity, it was not a "person" within section 2(11) and could not be assessed as an association of individuals under the Agricultural Income-tax Act. Case-Laws Income Tax Wed, 19 Jan 1966 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6662