Back
D.R.SINGH, JOGINDER PALL
Jangi Lal Oswal – Appellant
Versus
Assistant Commissioner of Wealth-tax – Respondent
D.R. Singh, Judicial Member —These two appeals filed by two different assessee’s against the respective orders of the CWT(A)(C), Ludhiana, in appeal No. 78/WT/1995-96, CWT(A)(C), dated 26-2-1996, and appeal No. 69/WT/1993-94, CWT(A)(C), dated 26-2-1996, for the assessment year 1992-93 were heard together and are being disposed of by this single order as the facts and the issue involved in both these appeals are identical except variation in the amounts involved therein, for the sake of convenience.
2. The identical grounds of appeal taken by the assessee’s in their respective appeals are stated as under :—
"2. That the learned CWT(A) has misinterpreted the provisions of rule 9A of Schedule III to Wealth-tax Act, 1957, while upholding the action of the Assessing Officer with respect to rejection of value of equity shares of Vardhman Spg. Mills Ltd. taken by the assessee in the return of wealth.
3. That the learned CWT(A) has erred in law and on the facts while upholding the addition of Rs. 77,17,230 made by the Assessing Officer on account of valuation of equity shares as per rule 9."
3. The relevant and material facts for the disposal of the issue involved in these grounds of appe
The main legal point established in the judgment is the binding effect of the settlement between the parties, the waiver of the right to seek re-employment by the workmen, and the entitlement of the ....
A lockout is justified if it is declared in response to an illegal strike or a strike that is in breach of a settlement or award.
The combination of eyewitness testimonies, recovery of the weapon used, and forensic examination results can establish guilt in criminal cases, even based on circumstantial evidence.
The conviction of an accused person under Section 27(3) of the Arms Act is not permissible in law if the accused is also charged with committing murder under Section 302 of the Indian Penal Code.
The court can enhance compensation based on the deceased's income and family dependency, and adjust the multiplier used by the Tribunal if found unjustified.
A valid signature must be in the candidate's own handwriting, as emphasized by the General Clauses Act and relevant case law.
An indispensable Tool for Legal Professionals, Endorsed by Various High Court and Judicial Officers
Please visit our Training & Support
Center or Contact Us for assistance
Scan Me!
India’s Legal research and Law Firm App, Download now!
For Daily Legal Updates, Join us on :
Back to top
