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Firm Exempt from Taxes on Agricultural Income from Partners' Land Ownership.

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Full Text of the Document

X X   X X   Extracts   X X   X X

....Exemption on agricultural income - firm is not the owner of such agricultural land but the partners - assessee firm though not being the owner of the agricultural land in question is entitled to get exemption of the agricultural income derived from the said land owned by the partners of the firm.....

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