Income Tax Appellate Tribunal Pakistan — Judgments of 1988

72 reported judgments of the Income Tax Appellate Tribunal Pakistan from 1988.

• W.T.A. NO. 21/KB OF 1983-84, DECIDED ON 18TH OCTOBER, 1987. v. W.T.A. NO. 21/KB OF 1983-84, DECIDED ON 18TH OCTOBER, 1987. 1988 PTD 6

  Section 5 (1) (xvi) Wealth Tax House is exempt from the wife of Assisi and resides with her wife and children as the company was hired by the Assisi's residence. When relief is beyond the recognized f…

• I.T.AS. NOS. 4506/LB OF 1985-86 AND 5179/LB OF 1986-87 DECIDED ON 9TH OCTOBER, 1987. v. I.T.AS. NOS. 4506/LB OF 1985-86 AND 5179/LB OF 1986-87 DECIDED ON 9TH OCTOBER, 1987. 1988 PTD 10

  Section 23 (i) (vii) and (xviii) CBR Circular No. 4 (35) 55 (CC) 65, dated 27 7 1976 Debenture, is the standard capital or capital interest on the interest on the Assessment Accounting Treatment inter…

• I.T.A NO. 583/PB/OF 1986-87, DECIDED ON 9TH JUNE, 1987 v. I.T.A NO. 583/PB/OF 1986-87, DECIDED ON 9TH JUNE, 1987 1988 PTD 16

  Sections 59 (1) and 62 CBR Circular No. 8 1983, Para 2 (d) (I) (A) (i) Self-Assessment Returns Section 59 (1) filed by the Assessee, without contradiction with any evidence. Was not accepted by the in…

• I.T.A. NO. 540/LB OF 1986-87, DECIDED ON 9TH SEPTEMBER, 1987. v. I.T.A. NO. 540/LB OF 1986-87, DECIDED ON 9TH SEPTEMBER, 1987. 1988 PTD 18

  The interpretation and analysis of the provisions of section 143 applies only to contractors who enter into a contract for the construction or supply of goods or services provided in connection with a…

• I. T. AS. NOS. 263, 264 AND 269/ KB OF_1983-84, DECIDED ON 18TH OCTOBER, 1987. v. I. T. AS. NOS. 263, 264 AND 269/ KB OF_1983-84, DECIDED ON 18TH OCTOBER, 1987. 1988 PTD 22

  Section 9 (2) burden on proof of correct annual valuation…

• I.T.AS. NOS. 4095, 4096 AND 4097 OF 1977-78, DECIDED ON 16TH JULY, 1978. v. I.T.AS. NOS. 4095, 4096 AND 4097 OF 1977-78, DECIDED ON 16TH JULY, 1978. 1988 PTD 29

  Inspecting Assistant Commissioner to Review Income Tax Officer Order 34 The Income Tax Officer has the authority to modify the order, Assistant Assistant Commissioner has been given jurisdiction only …

• I.T.AS. NOS. 192 OF 1960-61, 1688 OF 1961-62 AND 320 OF 1963-64, v. I.T.AS. NOS. 192 OF 1960-61, 1688 OF 1961-62 AND 320 OF 1963-64, 1988 PTD 37

  Section 10 (2) (xvi) deduction adjustment testing of a non-resident banking company that claims a certain amount, such as the payment of salary to a special payment staff to the bank staff, as a resul…

• I.T.A. NO. 148/IB-1985 OF 1986, DECIDED ON 25TH AUGUST, 1987. v. I.T.A. NO. 148/IB-1985 OF 1986, DECIDED ON 25TH AUGUST, 1987. 1988 PTD 45

  A detailed examination of sections 81 and 62 of CBR's circular ND-131 1981 Self Assessment Scheme policy, with respect to any dispute regarding the fact that the withdrawal of the Assisi for a particu…

• I.T.A. NO. 509(IB) OF 1986-87, DECIDED ON 30TH AUGUST, 1987. v. I.T.A. NO. 509(IB) OF 1986-87, DECIDED ON 30TH AUGUST, 1987. 1988 PTD 49

  Sections 6464 & and (59 (1) Unilateral Relief Assistance, which is part of a firm, some amount due to salary from Azad Kashmir Returns, which was filed as a resident, due to the income tax payer's sal…

• I.T.AS. NOS. 6149/LB TO 6159/LB OF 1985-86, DECIDED ON 30TH OCTOBER, 1986. v. I.T.AS. NOS. 6149/LB TO 6159/LB OF 1985-86, DECIDED ON 30TH OCTOBER, 1986. 1988 PTD 88

  The provisions of Sections 56, & 55 and Sc 65, and the provisions of Sections 55 and 56 of 56, also apply not to the years of previous income as well as any of the sections found in section 55 and 55.…

• I.T.AS. NOS. 1238/KB AND 1239/KB OF 1981-82,DECIDED ON 22ND NOVEMBER, 1987 v. I.T.AS. NOS. 1238/KB AND 1239/KB OF 1981-82,DECIDED ON 22ND NOVEMBER, 1987 1988 PTD 102

  Section 10 (2) (xvi) of the State Bank of Pakistan Act (XXXII of 1956), assessment of section 36 business expenses, a Scheduled Bank failed to fulfill its legal obligation to maintain a certain balanc…

• I. T. A. NO. 1732/LB OF 1985-86, DECIDED ON 29TH OCTOBER, 1987. v. I. T. A. NO. 1732/LB OF 1985-86, DECIDED ON 29TH OCTOBER, 1987. 1988 PTD 112

  Registration of a firm under section 68 is legally constituted under a partnership instrument that satisfies all requirements required by section 68 and on the basis of which the firm constitutes a pa…

• I.T.A. NO. 7124/LB OF 1986-87, DECIDED ON 30TH OCTOBER, 1987. v. I.T.A. NO. 7124/LB OF 1986-87, DECIDED ON 30TH OCTOBER, 1987. 1988 PTD 117

  Issuance of a notice under section 65, 58, & 61 and section a 65 under section 62, is a condition that a copy of the notice about the service is not signed by the reviewer, unless under section Notice…

• I.T.AS. NOS. 1348 TO 1350 OF 1985-86, DECIDED ON 16TH NOVEMBER, 1987. v. I.T.AS. NOS. 1348 TO 1350 OF 1985-86, DECIDED ON 16TH NOVEMBER, 1987. 1988 PTD 123

  Section 13 (1) (a) Non-reputable Investment Estimation Officer is empowered to assume the undisclosed investment as the projected income of such income year, which shows that he has There is no invest…

• I.T.AS. NOS. 3459 TO 3462/LB OF 1980-81, DECIDED ON 2ND SEPTEMBER, 1987. v. I.T.AS. NOS. 3459 TO 3462/LB OF 1980-81, DECIDED ON 2ND SEPTEMBER, 1987. 1988 PTD 132

  Section 13 (1) (a) of the Assisi, claiming the income tax officer's income waiver and alleging that the grounds for income taxation were rigorous.…

• I.T.AS. NOS. 5727/LB TO 5729/LB OF 1985-86, DECIDED ON28TH NOVEMBER, 1987. v. I.T.AS. NOS. 5727/LB TO 5729/LB OF 1985-86, DECIDED ON28TH NOVEMBER, 1987. 1988 PTD 140

  Fourth Schedule, Sections 16, 17, 19, 22 and 30 Insurance Act (I38 of 1938), Section 11 Insurance Company Income is required to be taxed as an act on the income of the insurance company, whatever sour…

• I.T.A. NO.723(KB) OF 1978-59, DECIDED ON 27TH FEBRUARY, 197 v. I.T.A. NO.723(KB) OF 1978-59, DECIDED ON 27TH FEBRUARY, 197 1988 PTD 155

  Part III [as amended by the Finance (Amendment) Ordinance (II of 1978)] Company surcharge maintained while calculating the working capital charge, the deductible tax (both income tax and super tax) ha…

• I. T. AS. NOS. 1603/KB AND 1604/KB OF 1984-85, DECIDED ON 24TH DECEMBER, 1987. v. I. T. AS. NOS. 1603/KB AND 1604/KB OF 1984-85, DECIDED ON 24TH DECEMBER, 1987. 1988 PTD 161

  Sections 55, 56, 58, 108 and 110 Failure to submit a return or property declaration by imposing a penalty on default All provisions of this ordinance shall apply to the statement of wealth when they a…

• I.T.AS. NOS. 952/KB AND 953/KB OF 1983-84, HEARD ON 13TH OCTOBER, 1987. v. I.T.AS. NOS. 952/KB AND 953/KB OF 1983-84, HEARD ON 13TH OCTOBER, 1987. 1988 PTD 171

  Section 151 is exempt from the waiver of the words in section 151 does not mean exemption by ordinance or exemption by ordinance but it means immunity under any provision of law. The waiver of section…

• ITA NO.1592/KB OF 1984-85, DECIDED ON 14TH DECEMBER, 1987. v. ITA NO.1592/KB OF 1984-85, DECIDED ON 14TH DECEMBER, 1987. 1988 PTD 184

  Sections 79 and 11 (1) of Pakistan and U. Section A, Arts II (i) and 111 (i) income do not fall within the definition of industrial or commercial profit and are subject to Pakistan tax calculation.…

• I.T.A. NO. 618(IB) OF 1986-87, DECIDED ON 30TH DECEMBER, 1987. v. I.T.A. NO. 618(IB) OF 1986-87, DECIDED ON 30TH DECEMBER, 1987. 1988 PTD 213

  Examples of Schedule II, Part I, Cls 70 and 71 tax exemptions shall be any unit of a building consisting of multifamily flats, apartments or apartment houses, meaning any unit of a building means a un…

• I.T.A. NO.5387/LB OF 1985-86, DECIDED ON 2ND NOVEMBER, 1987. v. I.T.A. NO.5387/LB OF 1985-86, DECIDED ON 2ND NOVEMBER, 1987. 1988 PTD 218

  Registration of the firm68 partnership agreement empowered the managing partner to handle all business affairs of the partnership business and the special power of attorney empowered him to open the a…

• I.T.AS NOS. 212 TO 215 (IB) OF 1986-87, DECIDED ON 26TH DECEMBER, 1987. v. I.T.AS NOS. 212 TO 215 (IB) OF 1986-87, DECIDED ON 26TH DECEMBER, 1987. 1988 PTD 222

  Section I, Contract 62 and Contract 63 Contract Act (IX of 72 1872), Section 2 (d) promulgated and the contract agreed is a contract pure and simple. In formulating a unanimous assessment, the Income …

• I.T.AS. NOS. 4617 AND 4618 OF 1980-81, DECIDED ON 26TH DECEMBER, 1987. v. I.T.AS. NOS. 4617 AND 4618 OF 1980-81, DECIDED ON 26TH DECEMBER, 1987. 1988 PTD 234

  Section 166 (2) (0) Returns that were filed and pending on the day when the Income Tax Ordinance 1979 came into force, ie on 1 7 1979, it should be processed and this Assessment canceled under the Inc…

• I.T.AS. NOS. 790, 791 AND 403/KB OF 1981-82, DECIDED ON 30TH MARCH, 1986. v. I.T.AS. NOS. 790, 791 AND 403/KB OF 1981-82, DECIDED ON 30TH MARCH, 1986. 1988 PTD 240

  Sections 23 (1) and 22 (a) stand for advance guarantee of debt to any other company of the Assisi Company, which has the interests of controlling the Assisi Company and to assist the Assisi Company in…

• I.T.AS. NOS. 360(IB) TO 364(IB) OF 1986-87, HEARD ON 28TH SEPTEMBER, 1987. v. I.T.AS. NOS. 360(IB) TO 364(IB) OF 1986-87, HEARD ON 28TH SEPTEMBER, 1987. 1988 PTD 264

  Schedule II, C1 39SSC, General Manager of a Hotel Free Accommodation, Free Meal and Free Laundry Special Benefits Taxability is not taxable only as part of the special benefits compensation because it…

• I.T.AS. NOS. 3534, 1536 AND 1537/LB OF 1986-87, HEARD ON 8TH DECEMBER, 1986. v. I.T.AS. NOS. 3534, 1536 AND 1537/LB OF 1986-87, HEARD ON 8TH DECEMBER, 1986. 1988 PTD 290

  Schedule II, C1 172 and Section 2 (7) of the Central Board of Revenue Circular No. 9 1985 No SRO 721 (a) 85, the original review of the SCC was made on 18-6 1984 but it was The AAC was separated. 1 Wh…

• I.T.A. NO.1117/ KB OF 1982-83, DECIDED ON 9TH FEBRUARY, 1988. v. I.T.A. NO.1117/ KB OF 1982-83, DECIDED ON 9TH FEBRUARY, 1988. 1988 PTD 310

  Sections 62 and 32 of the Controller Board of Revenue Circular No. 2 197 Issuing part of the receipt of a contractor during the work of the officer in charge of the Income Tax of 1975, wherever in the…

• I.T.A. NO. 2813 OF 1982-83, DECIDED ON 9TH SEPTEMBER, 1986. v. I.T.A. NO. 2813 OF 1982-83, DECIDED ON 9TH SEPTEMBER, 1986. 1988 PTD 315

  The Income Tax Appellate Tribunal disputed the opinion between the two members, while hearing the appeal as a third member to resolve the disagreement over the decision of another division bench on th…

• INCOME-TAX APPEAL NO. 6366 OF 1979-80, DECIDED ON 1ST FEBRUARY, 1986. v. INCOME-TAX APPEAL NO. 6366 OF 1979-80, DECIDED ON 1ST FEBRUARY, 1986. 1988 PTD 345

  A dispute exists between Prodiso (d) of Sections 49, 14, 16 (1) (a), 39, 44, 44A, 46 and Schedule I, Part I, Para A, Provo (d) Part A. do not have. Direct deductions cannot be claimed as a matter of e…

• I. T. AS NOS. 1684/ KB OF 1982-83 AND 2031/ KB TO 2033/ KB OF 1984-85 v. I. T. AS NOS. 1684/ KB OF 1982-83 AND 2031/ KB TO 2033/ KB OF 1984-85, 1988 PTD 350

  Section 49 and the first schedule, Part I, Para A, Provo (D), read both Para A and Section 49 together, there is no dispute between the two provisions Exemption Exemption Procedure Only Exempt Is acce…

• INCOME-TAX APPEALS NOS. 3592/LB AND 3593/LB OF 1983-84, DECIDED ON 5TH MAY, 1986. v. INCOME-TAX APPEALS NOS. 3592/LB AND 3593/LB OF 1983-84, DECIDED ON 5TH MAY, 1986. 1988 PTD 354

  Article 27 Constitution Pakistan (1973), Schedule IV 50, Item No. 50 Section 27, Income Tax Ordinance, Not Contrary to Schedule IV of 1979, Item No. 50, Section Pakistan (1973) Translating Section 27 …

• I. T. AS. NOS. 1818/KB TO 1821/ KB OF 1983-84, 1754/ KB TO 1756/KB AND 4242/KB OF 1986-87 v. I. T. AS. NOS. 1818/KB TO 1821/ KB OF 1983-84, 1754/ KB TO 1756/KB AND 4242/KB OF 1986-87 1988 PTD 369

  Section 23 (1) (vii) Commercial Expeditionary Assisi Company was affiliated with an authorized capital of Rs. 5,00,000,000 and had to borrow the Essential for the purpose for which to establish an ind…

• I.T.AS. NOS. 4811/LB AND 4810/LB OF 1980-81, DECIDED ON 11TH FEBRUARY, 1988. v. I.T.AS. NOS. 4811/LB AND 4810/LB OF 1980-81, DECIDED ON 11TH FEBRUARY, 1988. 1988 PTD 377

  Sections 4 (3) (vii), 4 (2 C), 4 (2 E) and 2 (6 C) provide receipts for casual and non-recurring nature when assessing the nature of the invoice and its source. Was not satisfactorily explained by the…

• I. T. A. NO. 1562 OF 1982-83, DECIDED ON 3RD JULY, 1985. v. I. T. A. NO. 1562 OF 1982-83, DECIDED ON 3RD JULY, 1985. 1988 PTD 383

  Registration of contributions in relation to the entry of minors in the Contribution to Section 68 (2) (c) Contract Act (IX of 1,872), Section 11 Partnership Act (IX of 1932), Section 30 Principles Th…

• I.T.AS. NOS. 790, 791 AND 403/KB OF 1981-82, DECIDED ON 30TH MARCH, 1988. v. I.T.AS. NOS. 790, 791 AND 403/KB OF 1981-82, DECIDED ON 30TH MARCH, 1988. 1988 PTD 400

  Sections 22 (2) and 23 (1) cannot be considered a debt iv1eaning guarantee for debt repayment, such as a bad debt loan to fall under section 23 (1) of the guarantee payment allowance. Will not be acce…

• I.T.A. NO. 233/ KB OF 1985-86, DECIDED ON 9TH APRIL, 1988. v. I.T.A. NO. 233/ KB OF 1985-86, DECIDED ON 9TH APRIL, 1988. 1988 PTD 428

  Section 23 (1) (v) and Third Schedule, R1 (1) of the Central Board of Revenue Circular No. 9 of 1943, dated 23 3 1943 An extortion claim about a car allegedly rented by Assisi. What was acquired under…

• I. P. AS. NOS. 1360 TO 1364(KB) OF 1984-85, DECIDED ON 11TH APRIL, 1988. v. I. P. AS. NOS. 1360 TO 1364(KB) OF 1984-85, DECIDED ON 11TH APRIL, 1988. 1988 PTD 437

  The provisions of section 5 (1) (c), 56 and 65 of section 5 (1) of the C1 (c) relate to the concept of jurisdiction in a broad sense and to the jurisdiction of the law. Is different. The fact is that …

• I.T.A. NO.826/ KB OF 1983-84, DECIDED ON 15TH MARCH, 1988. v. I.T.A. NO.826/ KB OF 1983-84, DECIDED ON 15TH MARCH, 1988. 1988 PTD 447

  Section & 79 & As 62 Issyi, a pharmaceutical company imports raw materials from its sister abroad at prices higher than prices in the international market but showing higher profitability in the corre…

• STA NOS. 1/KB AND 2/KB OF 1983-84, DECIDED ON 28TH MARCH, 1988, v. STA NOS. 1/KB AND 2/KB OF 1983-84, DECIDED ON 28TH MARCH, 1988, 1988 PTD 471

  Sections 2 (15), 3 (6) and 28 of the Goods Act (III of 1930), Sections 19, 20, 21, 22, 23 and 24 of the Contract Act (IX of 1872), Section 2 (d) Under the contract, the employer giving the employees b…

• I.T.AS. NOS. 100 AND 101/KB OF 1984-85, DECIDED ON 30TH MARCH, 1988. v. I.T.AS. NOS. 100 AND 101/KB OF 1984-85, DECIDED ON 30TH MARCH, 1988. 1988 PTD 477

  Section 4 (2A) Additions Although the Income Tax Officer has the option of both raising and raising a trading account simultaneously and at the same time under Section 4 (2A), each case revolves aroun…

• I.T.AS. NOS. 965/113, 966/IBI79/IB AND 80/IB OF 1986-87, DECIDED ON 14TH FEBRUARY, 1988. v. I.T.AS. NOS. 965/113, 966/IBI79/IB AND 80/IB OF 1986-87, DECIDED ON 14TH FEBRUARY, 1988. 1988 PTD 481

  Fifth Schedule Income Tax Act (XI of 1922), Schedule II, R2 (2) A separate offer containing all leases for the search whenever a contract is made under a contract with the government. Considered. The …

• I.T.AS NOS.210, 211, 212, 213, 214 AND 215 (PB.) OF 1984-85, DECIDED ON 10TH FEBRUARY 1985. v. I.T.AS NOS.210, 211, 212, 213, 214 AND 215 (PB.) OF 1984-85, DECIDED ON 10TH FEBRUARY 1985. 1988 PTD 494

  There was documentary evidence in controlling section 3 and 60 Income Tax Ordinance (1979), Section 9, 12, 14 and Second Schedule Prize Bonds Rules, 1971, R20 Prize Bond Waiver. Reward on various bond…

• I.T.A. NO. 383/KB OF 1932-83, DECIDED ON 28TH APRIL, 1988. v. I.T.A. NO. 383/KB OF 1932-83, DECIDED ON 28TH APRIL, 1988. 1988 PTD 497

  Sections 18 (3B), 42 (3) and 4 (1) (c) between Pakistan and the United Kingdom for the avoidance of double taxation, for the use of patent, secret process, etc., exempted from Arts III and VIII techni…

• W.T.A. NO. 121/KB OF 1982-83, DECIDED ON 16TH APRIL, 1988. v. W.T.A. NO. 121/KB OF 1982-83, DECIDED ON 16TH APRIL, 1988. 1988 PTD 582

  Section 2 (m), (p) Determination of net assets of the Assessee is the right to deduct the amount of debt owed by the total amount of the accounting assets in accordance with the provisions of this Act…

• W.T.A. NOS. 20 AND 21/KB OF 1981-82, DECIDED ON 30TH APRIL, 1988. v. W.T.A. NOS. 20 AND 21/KB OF 1981-82, DECIDED ON 30TH APRIL, 1988. 1988 PTD 585

  Section 2 (e) (ii) Wealth Tax Rules, `1963, Rr 8 & 9 \ Assets Section 2 (e) (ii) comma and the definition of the word \ or of \ construction and sale \ and two separate businesses. Suggests ting ting …

• I.T.AS. NOS. 1124/LB, 1125/GB, 1126/LB AND 1127/LB/1983-84, DECIDED ON 31ST OCTOBER, 1985. v. I.T.AS. NOS. 1124/LB, 1125/GB, 1126/LB AND 1127/LB/1983-84, DECIDED ON 31ST OCTOBER, 1985. 1988 PTD 612

  Sections 13 and 5 (1) (c) addendum \ When the inspecting assistant commissioner is assigned the responsibility of the income tax officer, the income tax officer and the inspector assistant commissione…

• I.T.A. NO. 3381 TO 3391 OF 1984-85, DECIDED ON 31ST MARCH, 1986. v. I.T.A. NO. 3381 TO 3391 OF 1984-85, DECIDED ON 31ST MARCH, 1986. 1988 PTD 647

  Pen88 Pen Hel was punished, after knowing that ly nil \ returns have been filed, no penalty can be imposed under section 88 of the Ordinance if the tax is not paid on the basis of return where the tax…

• I.T.AS. NOS. 312 OF 1974-75; 1337 AND 1338 OF 1975-76, DECIDED ON 25TH APRIL, 1978. v. I.T.AS. NOS. 312 OF 1974-75; 1337 AND 1338 OF 1975-76, DECIDED ON 25TH APRIL, 1978. 1988 PTD 658

  Section 14 (3) (a) Exempt Cooperative Society is not exempt from taxing profits from dealing with non-members Section 14 (3) (b) (ii) Exempt Cooperative Society Cottage Industry with small industry an…

• I.T.AS. NOS. 117/LB TO 122/LB OF 1986-87, 569/LB AND 570/LB OF 1981-82, DECIDED ON 26TH JUNE, 1988. v. I.T.AS. NOS. 117/LB TO 122/LB OF 1986-87, 569/LB AND 570/LB OF 1981-82, DECIDED ON 26TH JUNE, 1988. 1988 PTD 734

  Schedule III, Rr 1, 2 and 8 (7) (b) (ii) Income Tax Act (XI of 1922), section 10 (2) (n) express written principle of depreciation allowance assets expressing the principle of depreciation Permission …

• 1988 PTD 746 1988 PTD 746

  Sections 28 and 18 were not obligated by a Penalty Advance Tax Assessor to arrive at the Income Tax Officer's office at the State Bank of Pakistan. As per the stipulated period, no penalty can be impo…

• INCOME-TAX APPEALS NOS. 191/KB OF 1982-83, DECIDED ON 16TH JUNE, 1988. v. INCOME-TAX APPEALS NOS. 191/KB OF 1982-83, DECIDED ON 16TH JUNE, 1988. 1988 PTD 747

  Section 10 (4) (d), Explanation 1 Explanation \ Extra term payable to employees is included in the Explanation Section Salary in the same manner as Explanation Section 10 (4) (d), Explanation 1 Explan…

• I.T.AS. NOS. 1006/LR AND 1140/LR OF 1987-88, DECIDED ON 13TH MARCH, 1988. v. I.T.AS. NOS. 1006/LR AND 1140/LR OF 1987-88, DECIDED ON 13TH MARCH, 1988. 1988 PTD 754

  Section 13 (1) Word / Procedure Section 13 gcope and inspection officer's inquiry into the proceeds of unknown income by the Assessing Officer means during any proceedings under this ordinance.…

• I. T. AS. NOS. 1523/ KB TO 1526/KB OF 1982-83,.DECIDED ON 8TH JUNE, 1988. v. I. T. AS. NOS. 1523/ KB TO 1526/KB OF 1982-83,.DECIDED ON 8TH JUNE, 1988. 1988 PTD 760

  Options for approval of Assistant Commissioner inspecting Section 65 & Assessment 63 mandatory assessment powers…

• I. T. AS. NOS. 1595 AND 4434 OF 1971-72, DECIDED ON \'21ST MAY, 1985. v. I. T. AS. NOS. 1595 AND 4434 OF 1971-72, DECIDED ON \'21ST MAY, 1985. 1988 PTD 768

  Incomes may be levied under section 18A, 28 (1A) and (1B) (B) as per section 28 (1B) (B) during any proceeding if the Income Tax Officer has to be taxed. ? , Are satisfied that no person has complied …

• I.T.AS. NOS. 1384/KB AND 1183/KB OF 1982-83, DECIDED ON 17TH JULY, 1988. v. I.T.AS. NOS. 1384/KB AND 1183/KB OF 1982-83, DECIDED ON 17TH JULY, 1988. 1988 PTD 775

  Section Aers, who inspect the Assistant Commissioner, have the power to inspect the records of any proceedings under the Ordinance and to review any orders approved by the Income Tax Officer if they M…

• I.T.AS. NOS. 41/KB TO 50/KB OF 1986-87, DECIDED ON 11TH JUNE, 1988. v. I.T.AS. NOS. 41/KB TO 50/KB OF 1986-87, DECIDED ON 11TH JUNE, 1988. 1988 PTD 785

  At the time of the review of the Principle & 65 and Case 15 Re case rule, Assissee's share proceeds were accepted with the note that the firm's valuation was subject to correction of the order's recei…

• G.T.A. NO. 9/LB OF 1987-88, DECIDED ON 5TH JUNE, 1988. v. G.T.A. NO. 9/LB OF 1987-88, DECIDED ON 5TH JUNE, 1988. 1988 PTD 795

  Sections 16 (1) (a) (b) and 13 have no filing filed through the effect of the time limit assessor where the return was not filed by the assessee, the year of assessment. Proceedings can be initiated a…

• I.T.AS. NOS. 121(PB) TO 126(PB) AND 264(P.B.) TO 269(P.B.) OF 1587-88, DECIDED ON 12TH MAY, 1988. v. I.T.AS. NOS. 121(PB) TO 126(PB) AND 264(P.B.) TO 269(P.B.) OF 1587-88, DECIDED ON 12TH MAY, 1988. 1988 PTD 800

  Section 13 (1) (a), besides the unclear investment reviewer, fails to provide a satisfactory explanation for this investment. The amount of property to be sold must be taken in accordance with the ter…

• I.T.A. NO.1003 OF 1985-86, DECIDED ON 4TH AUGUST, 1986. v. I.T.A. NO.1003 OF 1985-86, DECIDED ON 4TH AUGUST, 1986. 1988 PTD 816

  Section 4 linked to unclear sources of income without showcase notice and specific approval of IAC, approval of assessment order, for any additional amount under this section 4 on behalf of the IAC as…

• I.T.A. NO. 3278 OF 1980-81, DECIDED ON 14TH OCTOBER, 1981. v. I.T.A. NO. 3278 OF 1980-81, DECIDED ON 14TH OCTOBER, 1981. 1988 PTD 817

  Section 30 Appellate Assistant Commissioner is legally required to make a decision on the matter covered in the year under review and has no jurisdiction to issue instructions for the preceding year, …

• I. T. A. NO. 684(IB) OF 1987-88, DECIDED ON 20TH MARCH, 1988. v. I. T. A. NO. 684(IB) OF 1987-88, DECIDED ON 20TH MARCH, 1988. 1988 PTD 965

  Article 62 The determination of the net income of the Assisi in accordance with the terms of a valid contract: (i) the offer. (ii) acceptance and (iii) consideration where costs claimed by the Assisi …

• I. T. A. NO. 514-A (IB) OF 1986-87, DECIDED ON 5TH JANUARY, 1988. v. I. T. A. NO. 514-A (IB) OF 1986-87, DECIDED ON 5TH JANUARY, 1988. 1988 PTD 967

  Section 59 (1) CBR Circular No. 8 of 1983, paragraph 6 (b) does not take into account the selection of a separate case of business receipt and receipt where a business on its own account and on behalf…

• I.T.A. NOS.309 TO 313 (IB) AND 347 TO 351 (IB) OF 1986-87, DECIDED ON 14TH SEPTEMBER, 1987. v. I.T.A. NOS.309 TO 313 (IB) AND 347 TO 351 (IB) OF 1986-87, DECIDED ON 14TH SEPTEMBER, 1987. 1988 PTD 973

  Reopening of self-review by Sections 65, & 59 and 59 56 Re-evaluation for a reason not specified in section 65, will have no legal consequence in the eyes of the law Notice under Section Notice65 has …

• I. T. A. NO. 333/ KB OF 1984-85, DECIDED ON 8TH AUGUST, 1988. v. I. T. A. NO. 333/ KB OF 1984-85, DECIDED ON 8TH AUGUST, 1988. 1988 PTD 979

  Section 65 Income Tax Act (XI of 1922), Section 15BB General Clause Act (X9 of 1897), Section 6 (a) (c) Assessment of tax holiday under section 15BB of the Act Approved for diagnosis during 1971. In 1…

• I.T.AS. NOS. 1585/KB OF 1984-85, 2650/KB OF 1987-88 AND 2/KB OF 1985-86, DECIDED ON 18TH JULY, 1988. v. I.T.AS. NOS. 1585/KB OF 1984-85, 2650/KB OF 1987-88 AND 2/KB OF 1985-86, DECIDED ON 18TH JULY, 1988. 1988 PTD 982

  Schedule I, Part II Finance Ordinance (XIV of 1983), Section 5 (9) Section RO 891 (11) / 77 of CBR Circular No. A1 1981, dated 25 September 1977 \ Public Limited Company \ Definition Amendment Finance…

• I. T. A. NO.3467/LB OF 1986-87; DECIDED ON 12TH MAY, 1988. v. I. T. A. NO.3467/LB OF 1986-87; DECIDED ON 12TH MAY, 1988. 1988 PTD 987

  Section 59 Self-Assessment Scheme, 1985, CBR Circular No. 3 Self-Assessment Scheme Object of Para 9 1985 Any withdrawal that is to be taken out of the Scheme or denied self-assessment facility or to b…

• I. T. A. NO.1173(IB) OF 1986-87, DECIDED ON 25TH JUNE, 1988. v. I. T. A. NO.1173(IB) OF 1986-87, DECIDED ON 25TH JUNE, 1988. 1988 PTD 989

  Additional to section 88 and (()) (\ ?) ses assessment and statement of assets and liabilities from an AOP and from an individual in accordance with section (58 (1) (b) (c) \ r \ n \ r). Information c…

• I. T. A. NO.708 (IB) OF 1986-87, DECIDED ON 8TH MARCH, 1988. v. I. T. A. NO.708 (IB) OF 1986-87, DECIDED ON 8TH MARCH, 1988. 1988 PTD 992

  Sections ()) (A), & 65 and As? Additions were reopened on the basis of which the assessee had declared the value of loses as Rs. For this purpose it was estimated at Rs. 2, 2,, 60,000, Rs. Dept. Excis…

• I.T.AS. NO. 434 TO 443/HQB OF 1987-88, DECIDED ON 28TH AUGUST, 1988. v. I.T.AS. NO. 434 TO 443/HQB OF 1987-88, DECIDED ON 28TH AUGUST, 1988. 1988 PTD 1010

  Article 62 The contract of assessment on a particular quantum can be considered as a binding contract. When both parties consent to some negotiation, only the contract signed by one of the parties is …

• W.T.AS. NOS. 84/KB AND 85/KB OF 1982-83, DECIDED ON \'4TH SEPTEMBER, 1988. v. W.T.AS. NOS. 84/KB AND 85/KB OF 1982-83, DECIDED ON \'4TH SEPTEMBER, 1988. 1988 PTD 1022

  Section 2 (e) (ii) The words \ \ or between the words \ construction and sale \ and leaving out the words used have been used in the negative sense to determine the correct intention and correct the i…

• W.T.AS. NOS.2/KB TO 4/KB AND 7/KB TO 9IKB OF 1982-83, DECIDED ON 11TH JUNE, 1988. v. W.T.AS. NOS.2/KB TO 4/KB AND 7/KB TO 9IKB OF 1982-83, DECIDED ON 11TH JUNE, 1988. 1988 PTD 1027

  Section 2 (e) (ii) Term Business Consideration Business residency is not an essential part of the business My property is not a business position but when it is leased or licensed with a specific purp…

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