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Documents citing Jaswant Rai Churamani vs Commissioner Of Income-Tax on 8 September, 1970

Lajju Ranjit Bhanu, Mumbai vs Assessee on 10 July, 2008

8. Coming to the other case laws relied upon by the learned counsel for the assessee in the case of Jaswant Rai vs. CIT 107 ITR 477, the Hon'ble Punjab & Haryana High Court was dealing with the wealth- tax and it is held that it is not open to the Wealth Tax Officer to disregard the order passed by the another Wealth Tax Officer, in which the value of 1/3rd share of the same property belonging to a co-sharer was determined at a different value. The Court has held that it is not open to the Department to adopt different yardsticks in case of different assessees.
Income Tax Appellate Tribunal - Mumbai Cites 4 - Cited by 0 - Full Document

Assistant Commissioner Of Income Tax vs Bhagwati Chandani on 5 October, 2004

10. After careful consideration, we conclude that there is no evidence on record which can point out that the assessee did not use this borrowed fund for the purpose of his business. It is neither the case of the AO that this amount was not used for the business purposes. The Department has mainly relied on the case of Jaswant Rai P. Mehta v. CIT delivered by the Hon'ble Gujarat High Court.
Income Tax Appellate Tribunal - Jodhpur Cites 1 - Cited by 2 - Full Document
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