https://www.taxtmi.com/caselaws?id=13498 The High Court of Rajasthan ruled in favor of the assessee in a case concerning income tax assessment. The Tribunal's decision to exclude a specific amount from the assessment was upheld as it was established that the investment in question did not belong to the assessee. The Court emphasized the Assessing Officer's finding on ownership and deemed the Tribunal's deletion of the amount justified, rejecting the Revenue's argument for a specific determination of the owner. The Court's decision favored the assessee, leading to the exclusion of the amount from the assessment without costs awarded. en-us Wed, 07 Mar 2007 00:00:00 +0530 Fri, 29 May 2009 12:12:10 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=13498 The High Court of Rajasthan ruled in favor of the assessee in a case concerning income tax assessment. The Tribunal's decision to exclude a specific amount from the assessment was upheld as it was established that the investment in question did not belong to the assessee. The Court emphasized the Assessing Officer's finding on ownership and deemed the Tribunal's deletion of the amount justified, rejecting the Revenue's argument for a specific determination of the owner. The Court's decision favored the assessee, leading to the exclusion of the amount from the assessment without costs awarded. Case-Laws Income Tax Wed, 07 Mar 2007 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=13498