https://www.taxtmi.com/caselaws?id=49289 Co-heirs who merely inherited an estate in equal shares were not an association of individuals, because mere co-ownership does not amount to a joint enterprise formed to produce income; assessment had therefore to be made on each heir's share. Expenditure on maintenance of palace buildings and other estate buildings was deductible in computing agricultural income, since the statutory allowance covered such maintenance-related expenditure and the relevant bar did not apply on the facts. The estate income could not be assessed as that of an association of individuals, and the claimed maintenance expenditure was allowable as a deduction. en-us Mon, 21 Sep 1964 00:00:00 +0530 Fri, 22 Aug 2014 12:12:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=49289 Co-heirs who merely inherited an estate in equal shares were not an association of individuals, because mere co-ownership does not amount to a joint enterprise formed to produce income; assessment had therefore to be made on each heir's share. Expenditure on maintenance of palace buildings and other estate buildings was deductible in computing agricultural income, since the statutory allowance covered such maintenance-related expenditure and the relevant bar did not apply on the facts. The estate income could not be assessed as that of an association of individuals, and the claimed maintenance expenditure was allowable as a deduction. Case-Laws Indian Laws Mon, 21 Sep 1964 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=49289