2010 (8) TMI 136

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....ent proceedings passed against Krishi Utpadan Mandi Samiti (the Samiti) of different districts and relate to assessment year prior to 2003-04. The Assessment Officer held the Samiti to be association of persons and taxed them under the Income Tax Act (the Act).   2. The Samities filed the appeals against the assessment orders. They were allowed on the ground that they are entitled for exem....