https://www.taxtmi.com/caselaws?id=6675 Common management of agricultural lands and the use of common agents did not, by themselves, create an association of individuals for agricultural income-tax purposes. The settlement deeds were genuine and acted upon, and the records showed separate accounts and statements for each beneficiary, with income and expenses maintained individually. Because there was no material showing that the beneficiaries had associated together or agreed to exploit the lands jointly for their common benefit, the essential element of an association of individuals was absent. The assessments made on that footing could not stand, and the Tribunal's view was upheld. en-us Wed, 02 Sep 1964 00:00:00 +0530 Sun, 01 Feb 2009 05:27:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=6675 Common management of agricultural lands and the use of common agents did not, by themselves, create an association of individuals for agricultural income-tax purposes. The settlement deeds were genuine and acted upon, and the records showed separate accounts and statements for each beneficiary, with income and expenses maintained individually. Because there was no material showing that the beneficiaries had associated together or agreed to exploit the lands jointly for their common benefit, the essential element of an association of individuals was absent. The assessments made on that footing could not stand, and the Tribunal's view was upheld. Case-Laws Income Tax Wed, 02 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=6675