1997 (8) TMI 15

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....ral Income-tax Appellate Tribunal, Madras-104, has held that the assessee should be assessed as an association of persons and not as tenants-in-common. The fact that the property had been purchased as tenants-in-common in equal shares by five brothers and that, that status has been recognised by the Authorised Officer, Land Reforms, was not in dispute. The Tribunal has taken the view that the tena....