1990 (12) TMI 26

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.... petitioner states that he is the "karta" of an undivided family of five members. In this case, we are concerned with certain aspects with regard to the income-tax assessment on the petitioner for the assessment year 1972-73. During the previous year, about 2 acres and 3 1/5 cents of land belonging to the Hindu undivided family was acquired by the Government under the Land Acquisition Act for the ....