Income Tax Appellate Tribunal Pakistan — Judgments of 2002

166 reported judgments of the Income Tax Appellate Tribunal Pakistan from 2002 — page 1 of 2.

• BEFORE FAZALUR REHMAN KHAN, JUDICIAL MEMBER AND MRS. ABIDA ALI, ACCOUNTANT MEMBER v. BEFORE FAZALUR REHMAN KHAN, JUDICIAL MEMBER AND MRS. ABIDA ALI, ACCOUNTANT MEMBER 2002 PTD 58

  Protection of Economic Reforms Act 1992 Section 2 (m) of Economic Reform Act (XII of 1992), Section 5 (1) (2) in relation to foreign currency account in Pakistan on charges of exemption from net wealt…

• BEFORE MUHAMMAD SHARIF CHAUDHRY, ACCOUNTANT MEMBER AND RASHEED AHMED SHEIKH, JUDICIAL MEMBER v. BEFORE MUHAMMAD SHARIF CHAUDHRY, ACCOUNTANT MEMBER AND RASHEED AHMED SHEIKH, JUDICIAL MEMBER 2002 PTD 99

  Income Tax Ordinance 1979 Session 66A (IA), 62 and 135 powers to inspect the Additional Commissioner to modify the order of the Deputy Commissioner, whether he was the importer and supplier of the ass…

• BEFORE MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER v. BEFORE MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER 2002 PTD 107

  Income Tax Ordinance 1979 Section 80D and Second Schedule, CL (118D) The principles of minimum tax exemption on the income of some persons under section 80D total (118D) under the second schedule of I…

• BEFORE SAJID HUSSAIN, MEMBER (JUDICIAL) AND ZAFAR IQBAL, MEMBER (TECHNICAL) v. BEFORE SAJID HUSSAIN, MEMBER (JUDICIAL) AND ZAFAR IQBAL, MEMBER (TECHNICAL) 2002 PTD 111

  Sections 8 and 2 (16) of the Sales Tax Act of 1990 begin the process of communicating anything that directly contributes to the production of taxable supplies under the purview of Section 8 of the Sal…

• BEFORE ZAFAR ALI THAHEEM, JUDICIAL MEMBER AND MUHAMMAD SHARIF CHAUDHRY, ACCOUNTANT MEMBER v. BEFORE ZAFAR ALI THAHEEM, JUDICIAL MEMBER AND MUHAMMAD SHARIF CHAUDHRY, ACCOUNTANT MEMBER 2002 PTD 130

  Income Tax Ordinance 1979 Section 156 Correction of Errors The Divisional Bench Order and the Income Tax Appellate Tribunal will override the Division Bench Order of Division Bench, in the circumstanc…

• PRESENT: MUHAMMAD MUJEEBULLAH SIDDIQUI, CHAIRMAN, SHARIQ MAHMOOD, v. PRESENT: MUHAMMAD MUJEEBULLAH SIDDIQUI, CHAIRMAN, SHARIQ MAHMOOD, 2002 PTD 134

  Section 16 (3) of the Wealth Tax Act 1963, adding value to the net wealth of the property inherited under the lawsuit for distribution and occupation of the property, Assisi showed only his share of t…

• BEFORE JAMEEL AHMAD BHUTTO, ACCOUNTANT MEMBER AND KARAMAT HUSSAIN NIAZI, JUDICIAL MEMBER v. BEFORE JAMEEL AHMAD BHUTTO, ACCOUNTANT MEMBER AND KARAMAT HUSSAIN NIAZI, JUDICIAL MEMBER 2002 PTD 141

  Income Tax Ordinance 1979 Sections 12 (18), 66A and 59A Additional Assessment Years 1996, 97, 1997 98ses and 1998 house 99 Assisi obtained prior to his company being a director and employee of the com…

• BEFORE SYED MASOOD UL HASSAN SHAH, JUDICIAL MEMBER AND MAHMOOD AHMAD MALIK, ACCOUNTANT MEMBER v. BEFORE SYED MASOOD UL HASSAN SHAH, JUDICIAL MEMBER AND MAHMOOD AHMAD MALIK, ACCOUNTANT MEMBER 2002 PTD 159

  Income Tax Ordinance 1979 Section 12 (18A) CBR Circular No. 14, 1992 Dated 1 7 1992 CBR Circular No. 10 1996, Dated Assessment Lane Assessment Year 1995 96 Issue 30 199 1994 Failed to repay the loan w…

• BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVED IQBAL, JUDICIAL MEMBER v. BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVED IQBAL, JUDICIAL MEMBER 2002 PTD 166

  Taxes payable under section 52, 86 and 2 (6) (43) of the Income Tax Ordinance 1979, section 52 of the Income Tax Ordinance, 1979, against tax deduction or refund due to the liability of persons who fa…

• BEFORE MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER AND SYED NADEEM SAQLAIN, JUDICIAL MEMBER v. BEFORE MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER AND SYED NADEEM SAQLAIN, JUDICIAL MEMBER 2002 PTD 168

  Sections 17 and 16 (5) of the Wealth Tax Act, 1963, under Section 17 of the Wealth Tax Act, 1963, issued notice to the Examination of Wealth that the opportunity for return was given to the office bea…

• BEFORE S. HASAN IMAM, JUDICIAL MEMBER AND MUHAMMAD MEHBOOB ALAM, ACCOUNTANT MEMBER v. BEFORE S. HASAN IMAM, JUDICIAL MEMBER AND MUHAMMAD MEHBOOB ALAM, ACCOUNTANT MEMBER 2002 PTD 183

  Income Tax Ordinance 1979 Section 156 and 132 Error Correction Appeal made before the Appellate Tribunal argument by the validity argument of the First Appellate Authority which was approved under Sec…

• BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVAID MASOOD TAHIR BHATTI, JUDICIAL MEMBER v. BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVAID MASOOD TAHIR BHATTI, JUDICIAL MEMBER 2002 PTD 214

  Income Tax Ordinance 1979 Sections 30, 22 and 72 Earnings from Other Sources Interest Earnings No Business Expenses Deposit against Interest Earnings Not for the first time, the appellate authority fo…

• BEFORE KHALID WAHEED AHMED, JUDICIAL MEMBER AND MRS. SAFIA CHAUDHRY, ACCOUNTANT MEMBER v. BEFORE KHALID WAHEED AHMED, JUDICIAL MEMBER AND MRS. SAFIA CHAUDHRY, ACCOUNTANT MEMBER 2002 PTD 221

  Sections 31B, 35, 16 and 2 (21) of the Wealth Tax Act, 1963, section 35 of the Wealth Tax Act, 1963, were examined to increase the tax liabilities and to obtain additional taxes. (B) can only be obtai…

• BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVED MASOOD TAHIR BHATTI, JUDICIAL MEMBER v. BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVED MASOOD TAHIR BHATTI, JUDICIAL MEMBER 2002 PTD 228

  Income Tax Ordinance 1979 Sections 80C, 143B, 59A and 50 (4) of CBR Circular No. 11, 25 7 of 1998 1998 CBR Circle No. 8, dated 27 7 1999 Income? Filing of contract tax deduction statement as stauror a…

• BEFORE MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER AND SYED NADOEM SAQLAIN, JUDICIAL v. BEFORE MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER AND SYED NADOEM SAQLAIN, JUDICIAL 2002 PTD 231

  Article 13 (1) (a) The Economic Reform Act (XII of 1992) considered gold imports of gold or brought into Pakistan the In both cases no material source of investment nor material description of gold wa…

• BEFORE MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER AND SYED NADOEM SAQLAIN, JUDICIAL v. BEFORE MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER AND SYED NADOEM SAQLAIN, JUDICIAL 2002 PTD 237

  Failure to provide the return of the total Income Tax Ordinance imposed under Section 108 of the Income Tax Ordinance 1979 and 55 of the Income Tax Ordinance, 1979, it was challenged to submit late re…

• BEFORE KHALID WAHEED AHMAD, JUDICIAL MEMBER v. BEFORE KHALID WAHEED AHMAD, JUDICIAL MEMBER 2002 PTD 239

  Income Tax Ordinance 1979 Section 14 and Second Schedule, Part I, CL (118E) Workers \ Welfare Fund Ordinance, 1971, Section 4 imposes worker exemption / welfare fund review proceeds under Total Schedu…

• BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER v. BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER 2002 PTD 242

  Income Tax Ordinance 1979 Section 80CC and First Schedule, C1CCCCC (a) CBR Letter No. F1 (WHT) / 82, dated 1 12 1998, the rate of tax on export of cotton yarn The CBR-issued first appellate authority'…

• BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER v. BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER 2002 PTD 244

  Income Tax Ordinance 1979 Section 30, 22 and Second Schedule: Part I, CL (118A) Lease Income Industrial Acquisition Exemption Income was not part of the profits and gains made from the industrial acti…

• BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER v. BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER 2002 PTD 250

  No exemption can be levied on interest income tax under section 30 (1) (vii) of the Income Tax Ordinance 1979 and section 3030 of the 30 deductible capital income tax order, the same order by the Asse…

• BEFORE MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER v. BEFORE MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER 2002 PTD 252

  Wealth Tax Act 1963 Sections 2 (16) (ii) and 17B Net Assets Loans were obtained against the Asset / Project The entire project was not offered to receive the tax after partially sold. The Assessing Of…

• BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL, JUDICIAL MEMBER v. BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL, JUDICIAL MEMBER 2002 PTD 257

  Income Tax Ordinance 1979 Section 66 and Additional Commissioner's Inspection Options Deputy Commissioner's Revision Payments made to Competitive Market Purpose To Increase Expenditures for Three Year…

• BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL, JUDICIAL MEMBER v. BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL, JUDICIAL MEMBER 2002 PTD 260

  Income Tax Ordinance 1979 Section 66A & 80D Turnover Assistive, A Travel Agent Commission Additional Inspector of Investigation of the Sale of Assets, directed the Assessing Officer to collect the tax…

• BEFORE KHAWAJA FAROOQ SAEED, JUDICIAL MEMBER AND MAZHAR FAROOQ SHERAZI, ACCOUNTANT MEMBER v. BEFORE KHAWAJA FAROOQ SAEED, JUDICIAL MEMBER AND MAZHAR FAROOQ SHERAZI, ACCOUNTANT MEMBER 2002 PTD 267

  Income Tax Ordinance 1979 Section 66 for 2001 2001 and 59 In the last words used in the Self-Assessment Self-Insurance Scheme, Meaning means the final declaration or valuation of the income Meaning me…

• BEFORE KHAWAJA FAROOQ SAEED, JUDICIAL MEMBER AND MAZHAR FAROOQ SHERAZI, ACCOUNTANT MEMBER v. BEFORE KHAWAJA FAROOQ SAEED, JUDICIAL MEMBER AND MAZHAR FAROOQ SHERAZI, ACCOUNTANT MEMBER 2002 PTD 272

  Section 16 (2) of the Wealth Tax Act, 1963, by the use of the word, notice must be issued in the case of section 16 (2) of the Wealth Tax Act, 1963, when it is compulsory.…

• BEFORE MAHMOOD AHMED MALIK, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER v. BEFORE MAHMOOD AHMED MALIK, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER 2002 PTD 278

  Income Tax Ordinance 1979 Section 66A, Explanation CBR Circular No. 14 1992, Dated 1 7 1992 CBR Circular C No 2 (1) Additional Commissioner to amend the order of the Deputy Commissioner of DTA 2, 1994…

• BEFORE MUHAMMAD AKHTAR NAZAR MIAN, ACCOUNTANT MEMBER AND SYED KABIRUL HASAN, JUDICIAL MEMBER v. BEFORE MUHAMMAD AKHTAR NAZAR MIAN, ACCOUNTANT MEMBER AND SYED KABIRUL HASAN, JUDICIAL MEMBER 2002 PTD 283

  Sections 66A, 62, 59 (1), 34, 36, 37, 116, 156 and Second Schedule, C1 (116) Additional Commissioner's Inspection Powers Complain with the Damage of Review Review for the Assessment of the Deputy Comm…

• BEFORE SHAHEEN IQBAL, ACCOUNTANT MEMBER AND S. HASAN IMAM, JUDICIAL MEMBER v. BEFORE SHAHEEN IQBAL, ACCOUNTANT MEMBER AND S. HASAN IMAM, JUDICIAL MEMBER 2002 PTD 303

  Section 24 (b) and 50 (7D) of the Income Tax Ordinance 1979, the tool for expressing any unacceptable deductions used in section 50 (7D) of the Income Tax Ordinance 1979, 1979 Interpretation Lease Bus…

• BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND SYED KABIRUL HASSAN, JUDICIAL MEMBER v. BEFORE MUHAMMAD DAUD KHAN, ACCOUNTANT MEMBER AND SYED KABIRUL HASSAN, JUDICIAL MEMBER 2002 PTD 316

  Wealth Tax Act 1963 Second Schedule, Part I, C1 7 (ii) Exemption remittances not proved through common banking channel Foreign Exchange Beer Bonds Sale None of the assets generated from FEBC's sales r…

• BEFORE SAJID HUSSAIN, MEMBER (JUDICIAL) AND ZAFAR IQBAL, MEMBER (TECHNICAL) v. BEFORE SAJID HUSSAIN, MEMBER (JUDICIAL) AND ZAFAR IQBAL, MEMBER (TECHNICAL) 2002 PTD 329

  Sales Tax Act 1990 Section 5 (b) and Sixth Schedule Section RO No. 922 (1) / 99, Dated 16 8 1999 Customs Act, 1969, Sections 32 (2) and 79 (2) (4) Change in Tax Rate Exemption from import of exemption…

• BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVED IQBAL, JUDICIAL MEMBER v. BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVED IQBAL, JUDICIAL MEMBER 2002 PTD 333

  Income Tax Ordinance 1979 Section 52 Tax Assessment Officer's liability for liability for deductions or failure to pay shall not be allowed to proceed beyond the jurisdiction under section 52 of the I…

• BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVED IQBAL, JUDICIAL MEMBER v. BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVED IQBAL, JUDICIAL MEMBER 2002 PTD 337

  Income Tax Ordinance 1979 Sections 22 (c), 23, 80c and 143b Income from business or profession tax While tax-deferring tax collection, the department paid the tax liability of this share by the owner.…

• BEFORE MUHAMMAD AKHTAR NAZAR MIAN, ACCOUNTANT MEMBER AND SYED KABIRUL HASAN, JUDICIAL MEMBER v. BEFORE MUHAMMAD AKHTAR NAZAR MIAN, ACCOUNTANT MEMBER AND SYED KABIRUL HASAN, JUDICIAL MEMBER 2002 PTD 345

  Section 5 (1) (xv) (ii) of the Wealth Tax Act 1963 and 17 BCBR Letter C8 (9) WT / ITV / 79, dated 30 6 1985 CBR Letter ITJ / ( 42) of 1985, dated 22 8 1985 Exempt Assisi made real estate with remittan…

• BEFORE JAMEEL AHMED BHUTTO, ACCOUNTANT MEMBER AND KARAMAT HUSSAIN NIAZI, JUDICIAL MEMBER v. BEFORE JAMEEL AHMED BHUTTO, ACCOUNTANT MEMBER AND KARAMAT HUSSAIN NIAZI, JUDICIAL MEMBER 2002 PTD 350

  Assessment Officer, Assessment of Additional Settlement Additions, Income Tax Ordinance 1979 Sections 111, 13 (1) (AA) and 138E of the Income Tax Ordinance 1979, Section 13 (1) (A) of the Income Tax O…

• BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND MUNSIF KHAN MINHAS, JUDICIAL MEMBER v. BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND MUNSIF KHAN MINHAS, JUDICIAL MEMBER 2002 PTD 358

  Sections 66A, 62 and 34 of the Income Tax Ordinance 1979, Protection of the Economic Reform Ordinance (XII of 1992), Determination of increase and loss of foreign exchange set NCC exempts foreign exch…

• BEFORE MUHAMMAD SHARIF CHAUDHRY, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER v. BEFORE MUHAMMAD SHARIF CHAUDHRY, ACCOUNTANT MEMBER AND MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER 2002 PTD 364

  Income Tax Ordinance 1979 Sections 24 (FFF) and 16 (2) (E) Salaries paid to directors of the Company, are paid or transferred by the Assessing Officer through cross-check. Was denied. Employees' bank …

• BEFORE SYED MASOOD UL HASSAN SHAH, JUDICIAL MEMBER AND SAEED AHMAD ZAIDI, ACCOUNTANT MEMBER v. BEFORE SYED MASOOD UL HASSAN SHAH, JUDICIAL MEMBER AND SAEED AHMAD ZAIDI, ACCOUNTANT MEMBER 2002 PTD 373

  Income Tax Ordinance 1979 Sections 156, 135 and 12 (18A) Error Correcting Appeal Tribunal Appeal Tribunal In a Referral Case Report of the Income Tax Appellate Tribunal, a report confirmed the Tribuna…

• BEFORE SYED MASOOD UL HASSAN SHAH, JUDICIAL MEMBER AND SAEED AHMAD ZAIDI, ACCOUNTANT MEMBER v. BEFORE SYED MASOOD UL HASSAN SHAH, JUDICIAL MEMBER AND SAEED AHMAD ZAIDI, ACCOUNTANT MEMBER 2002 PTD 458

  Income Tax Ordinance 1979 Section 134 (6) Civil Procedure Code (VS 1908): Appellate Tribunal Re-evaluation proceeding pursuant to Section 134 (6) of Section 151 Income Tax Ordinance 1979, establishmen…

• BEFORE RASHEED AHMAD SHEIKH, JUDICIAL MEMBER AND JAVED TAHIR BUTT, ACCOUNTANT MEMBER v. BEFORE RASHEED AHMAD SHEIKH, JUDICIAL MEMBER AND JAVED TAHIR BUTT, ACCOUNTANT MEMBER 2002 PTD 503

  Circular No. 5 1997 of Income Tax Ordinance 1979 Sections 59, 59A and 136 CBR, dated 12 7 1997 CBR Letter No. C No.7 (27) / Section Assistant / 1996, Dated 27 1I 1996 Broad-based Self Assessment Schem…

• BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND SYED NADEEM SAQLAIN. JUDICIAL MEMBER v. BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND SYED NADEEM SAQLAIN. JUDICIAL MEMBER 2002 PTD 532

  Sections 80C, 50 (5) and 50 (4) of the Indian Income Tax Act, 1961, with respect to the deduction of tax at the import tax, along with the supply of the same goods. With section 80C of the Income Tax …

• BEFORE\' KHAWAJA FAROOQ SAEED, JUDICIAL MEMBER AND MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER v. BEFORE\' KHAWAJA FAROOQ SAEED, JUDICIAL MEMBER AND MUHAMMAD MUNIR QURESHI, ACCOUNTANT MEMBER 2002 PTD 546

  Determining the Supply Balance Sheet for the Indian Income Tax Act 1961 Section 80D Turnover Tax Tax The amount of tax supplied must be determined by maintaining unlimited and uncontrolled reserves in…

• I.T.A. NO. 1211/KB OF 1995-96, DECIDED ON 15TH NOVEMBER, 2001. v. I.T.A. NO. 1211/KB OF 1995-96, DECIDED ON 15TH NOVEMBER, 2001. 2002 PTD 560

  Income Tax Ordinance 1979 Section & Second and Second Schedule, Part I, CL b 54A (b) The best decision assessment was that because the authorities were only bent on making some additions under the jus…

• I.T.AS. NOS. 1067/KB/DB AND 1068/KB/DB OF 2000-2001, DECIDED ON 24TH NOVEMBER, 2001. v. I.T.AS. NOS. 1067/KB/DB AND 1068/KB/DB OF 2000-2001, DECIDED ON 24TH NOVEMBER, 2001. 2002 PTD 580

  Sections 108 (b), 139 and 142 of the Income Tax Ordinance 1979, 139 and 142, submitting statements to an officer who does not have jurisdiction to confirm that the statements were not submitted to the…

• W.T.AS. NOS. 181/KB/DB AND 182/KB/DB OF 2000-2001, DECIDED ON 17TH OCTOBER, 2001. v. W.T.AS. NOS. 181/KB/DB AND 182/KB/DB OF 2000-2001, DECIDED ON 17TH OCTOBER, 2001. 2002 PTD 582

  Wealth Tax Act 1963 Section 3A (6) Wealth Tax Rules, 1963, R8 (3) The value of assets for the purpose of wealth tax was declared 10 times the value of the property, Section 3 of the Wealth Tax Act, 19…

• W.T.A. NO. 375/KB OF 2000-2001, DECIDED ON 31ST AUGUST, 2001 v. W.T.A. NO. 375/KB OF 2000-2001, DECIDED ON 31ST AUGUST, 2001 2002 PTD 586

  R8 (3), Proviso Wealth Tax Act (XV of 1963), Sections 2 (16), 2 (24), 3, 7 and the second Schedule CBR Circle No. 1994, dated 17 7 1994 Money and wealth The property was rented for 8 days before the d…

• W.T.AS. NOS. 1004/113 OF 1999-2000 AND 32/113 OF 2000-2001, DECIDED ON 4TH OCTOBER, 2001 v. W.T.AS. NOS. 1004/113 OF 1999-2000 AND 32/113 OF 2000-2001, DECIDED ON 4TH OCTOBER, 2001 2002 PTD 598

  Wealth Tax Act 1963 Section 2 (1) (16) (ii) Admissible loan received against a foreign currency US Dollar account on a net wealth loan under which the tax is not payable under the law. Such money was …

• I.T.A. NO. 141/113 OF 1998-99, DECIDED ON 17TH AUGUST, 2001 v. I.T.A. NO. 141/113 OF 1998-99, DECIDED ON 17TH AUGUST, 2001 2002 PTD 616

  Sections 108 (b), and fines 139 to 142 were imposed on non-submission of monthly monthly reports. Assisi contends that taxable payments were not required to be made on a monthly basis, before the appe…

• I.T.A. NO. 4206/LB OF 20U0, DECIDED ON 29TH OCTOBER, 2001 v. I.T.A. NO. 4206/LB OF 20U0, DECIDED ON 29TH OCTOBER, 2001 2002 PTD 620

  Second Schedule of Income Tax Ordinance 1979, CL (118C (1)) Circular No. 5, date of CBR 1991, 103 1991 Date of establishment or commencement of exemption industrial liability, date of commencement of …

• I. T. AS. NOS. 2812/LB OF 2001 AND 210/LB OF 1997, DECIDED ON 29TH OCTOBER, 2001 v. I. T. AS. NOS. 2812/LB OF 2001 AND 210/LB OF 1997, DECIDED ON 29TH OCTOBER, 2001 2002 PTD 625

  Income Tax Ordinance 1979 Sections 8 and 134 All the officers in the amendment petition, after the decision of the Member Judicial, Central Board of Revenue, filed a law determining the legal status o…

• I.T.A. NO. 3804/LB OF 1999, DECIDED ON 28TH NOVEMBER, 2001. v. I.T.A. NO. 3804/LB OF 1999, DECIDED ON 28TH NOVEMBER, 2001. 2002 PTD 639

  Registration of Section & 68 & Firm 69 Firm Department, up to the assessment year 1985 86 till 86, registered tax may be levied under an unregistered firm (ie, application was not made for registratio…

• I. T. A. NO. 3469/LB OF 1996, DECIDED ON 29TH SEPTEMBER, 2001. v. I. T. A. NO. 3469/LB OF 1996, DECIDED ON 29TH SEPTEMBER, 2001. 2002 PTD 650

  Income Tax Ordinance 1979 Section 66 and Additional Commissioner's Inspection Options Review the Deputy Commissioner's Order Assessment on the Return Based Self Assessment Scheme Real Estate Assessmen…

• W.T.AS. NOS.592/LB TO 597/LB OF 2001, DECIDED ON 31ST MAY, 2001. v. W.T.AS. NOS.592/LB TO 597/LB OF 2001, DECIDED ON 31ST MAY, 2001. 2002 PTD 676

  Wealth Tax Act 1963 Section 17B and Second Schedule, Part I, CL12 (1) The authorization of the Assistant Commissioner to inspect the Wealth Tax Officer's Revision, permitting an independent occupied h…

• I.T.AS. NOS.966/KB AND 967/KB OF 2000-01, DECIDED ON 10TH NOVEMBER, 2001. v. I.T.AS. NOS.966/KB AND 967/KB OF 2000-01, DECIDED ON 10TH NOVEMBER, 2001. 2002 PTD 710

  An option IT 30 was filed and inspection of the Additional Commissioner for review of the Deputy Commissioner's Order Statement under Income Tax Ordinance 1979 Section 66A, 80C, 143B & 59 Section 143B…

• I.T.A. NO.840/KB/DB OF 2000-01, DECIDED ON 14TH NOVEMBER, 2001. v. I.T.A. NO.840/KB/DB OF 2000-01, DECIDED ON 14TH NOVEMBER, 2001. 2002 PTD 713

  Income Tax Ordinance 1979 Section 111 Penalties for concealment of income etc.: Reinstatement of accounts on male state-owned securities Declaration of interest on public securities Based on cash decl…

• I.T.AS. NOS. 7111/LB TO 7118/LB OF 1996, DECIDED ON 19TH SEPTEMBER, v. I.T.AS. NOS. 7111/LB TO 7118/LB OF 1996, DECIDED ON 19TH SEPTEMBER, 2002 PTD 716

  Sections 19, 20 and 21 Income Front House; Annual Letting Value Assessing Officer of Property Estimated Estimation of Asset Property Based on PTI Form issued by Excise and Taxation while the first app…

• W.T.AS. NOS.314/KB TO 319/KB OF, 2000-2001, DECIDED ON 29TH NOVEMBER, 2001. v. W.T.AS. NOS.314/KB TO 319/KB OF, 2000-2001, DECIDED ON 29TH NOVEMBER, 2001. 2002 PTD 760

  Wealth Tax Act 1963 Section 31B (1) (B) (ii), Proviso Extra Income Tax Assessment 1993 94 to 1998 99 Returns were filed on 18 18 1999 and the assessment was completed on 4 4 1999 The period was not co…

• I.T.A. No.392/LB of 1995, decided on 31si October, 2001. v. I.T.A. No.392/LB of 1995, decided on 31si October, 2001. 2002 PTD 769

  Income Tax Ordinance 1979 Sections 59 and 55 (3) of CBR Circular No. 9 of 1993, Date 1 7 1993 CBR Letter No. C No.7 (16) DT 1493, Dated 25 7 1993, Para 1 (a) Self Assessment Assessment Year 1993 94 Re…

• W.T.A.,No.2321KB of 2000-01, decided on 10th November, 2001. v. W.T.A.,No.2321KB of 2000-01, decided on 10th November, 2001. 2002 PTD 773

  Section 17B & 2 (1) (16) (ii) of the Wealth Tax Act 1963, authorizes the inspector assistant commissioner's powers to review the wealth tax officer, any property created with the assessee's assessee's…

• I. T. A. No. 1227/KB/DB of 2000-01, decided on 20th November, 2001. v. I. T. A. No. 1227/KB/DB of 2000-01, decided on 20th November, 2001. 2002 PTD 779

  Income Tax Ordinance 1979 Sections 20 and 19 deducted from the property property The remaining allowance electrical expenses are paid by the tenant's burden to the landlord, which is paid to the offic…

• I.T.As. Nos.2539/LB to 2541/LB of 1999, decided on 17th April, 2001. v. I.T.As. Nos.2539/LB to 2541/LB of 1999, decided on 17th April, 2001. 2002 PTD 783

  Income Tax Ordinance 1979 Section 30, Second Schedule, Part I, CL (176) Income from other sources Interest income on delayed payment of electricity bills Taxable interest income is not considered as p…

• I. T. A. No. 1691/KB/DB of 2001, decided on 18th October, 2001. v. I. T. A. No. 1691/KB/DB of 2001, decided on 18th October, 2001. 2002 PTD 789

  Income Tax Ordinance 1979 Sections 80B (1) and 80B (2) (BB) received on the disclosure of a taxability FEBC in the hands of a company or a registered firm acquired by the foreign exchange beer certifi…

• I.T.As. Nos.871 and 872 of 2001, decided on 17th August, 2001. v. I.T.As. Nos.871 and 872 of 2001, decided on 17th August, 2001. 2002 PTD 794

  Second Schedule to Income Tax Ordinance 1979, CL (129) Circular No. 20 of CBR 8, 1988 8 10 1988 Exempt words \ subject to conditions in which it may be interpreted \ and so as to be specified. Has gon…

• I.T.A. No.3301/LB of 2001, decided on 13th November, 2001. v. I.T.A. No.3301/LB of 2001, decided on 13th November, 2001. 2002 PTD 827

  Income Tax Ordinance 1979 Section 66A & 12 (18) Additional Commissioner's Inspection Power to Review Deputy Commissioner's Order His Inquiries by the National Tax Number Holder Cannot Be Fulfilled - J…

• Before Muhammad Tauqir Afzal Malik, Judical Member and Amjad Ali Ranjha, Accountant Member v. Before Muhammad Tauqir Afzal Malik, Judical Member and Amjad Ali Ranjha, Accountant Member 2002 PTD 885

  Income Tax Ordinance 1979 Section 66 A Second Schedule, Part IV, Parab (2) The Deputy Commissioner's Inspection Powers to Review the Order of the Deputy Commissioner Determining the Status of the Priv…

• Before Muhammad Tauqir Afzal Malik, Judicial Member and Mrs. Safia Chaudhry, Accountant Member v. Before Muhammad Tauqir Afzal Malik, Judicial Member and Mrs. Safia Chaudhry, Accountant Member 2002 PTD 900

  Income Tax Ordinance 1979 Sections 66A, 15, 24, 62 and Second Schedule, CL (116) Additional Commissioner's Inspection Powers to Amend the Deputy Commissioner's Order Examining the Disapproval of Propo…

• I.T.A. No.3773/LB of 1999, decided on 15th November, 2001. v. I.T.A. No.3773/LB of 1999, decided on 15th November, 2001. 2002 PTD 912

  Income Tax Ordinance 1979 Sections 62, 65, 59 and 59A CBR Circular No. 9 of 1993 1 71993 Additional Assessment The Self Assessment Scheme Assessment was reopened on the basis that the Assisi \ 's net …

• I.T.A. No.2336/LB of 2001, decided on 29th September, 2001. v. I.T.A. No.2336/LB of 2001, decided on 29th September, 2001. 2002 PTD 925

  Income Tax Ordinance 1979 Sections 12 (9A), 66A, (59) and Second Schedule, Part I, CL (176) CBR Letter No. F / 12 / (9A) / ITP / 99, 16 16 2001 The Assisi / Company Declaration of 2001 The profit rece…

• I.T.As. Nos..398.1/LB to 3983/LB, 3032/LB, 2993/LB and 2994/LB\' of 1997 decided on 36th June. 2001. v. I.T.As. Nos..398.1/LB to 3983/LB, 3032/LB, 2993/LB and 2994/LB\' of 1997 decided on 36th June. 2001. 2002 PTD 937

  Income Tax Ordinance 1979 Sections 111 and 116 of the Income Tax Order of the Income Tax Officer without the prior approval of the Additional Commissioner, without the prior approval of the Inspector …

• Before Muhammad Tauqir Afzal Malik, Judicial Member and Amjad Ali Ranjha, Accountant Member v. Before Muhammad Tauqir Afzal Malik, Judicial Member and Amjad Ali Ranjha, Accountant Member 2002 PTD 946

  Income Tax Ordinance 1979 Section 156 Error Correction Request for correction of error was dismissed by the Tribunal against record and date…

• I.T.A. No. 1045/KB of 2000-2001, decided on 30th October, 2001. v. I.T.A. No. 1045/KB of 2000-2001, decided on 30th October, 2001. 2002 PTD 983

  The income received from Sections 27 and 30 other sources was deducted under section 30 of the Income Tax Ordinance received in terms of the termination of the Distribution Agency; the accrual of 1979…

• I.T.A. No.877/KB/DB of 2000-2001, decided on 1st December, 2001. v. I.T.A. No.877/KB/DB of 2000-2001, decided on 1st December, 2001. 2002 PTD 993

  Income Tax Ordinance 1979 Section 80C (5A) [as amended by the Finance Act (IV of 1999) and excluded by the Finance Ordinance (XXI of 2000)] Section 80C (5A), Income Tax Ordinance , 1979 was section 80…

• I.T.A. No. 272/LB and M.A. (Stay) No.49/LB of 2002, decided on 6th February, 2002. v. I.T.A. No. 272/LB and M.A. (Stay) No.49/LB of 2002, decided on 6th February, 2002. 2002 PTD 1009

  Income Tax Ordinance 1979 Sections 65, 13 (1) (d) and 59 (1) Additional Assessment Permanent Information Buying Property at Affordable Prices The Assessment of Re-Assessment asserts that information r…

• I.T.As. Nos.581 and 582-KB/DB of 2000-2001; decided on 24th September, 2001. v. I.T.As. Nos.581 and 582-KB/DB of 2000-2001; decided on 24th September, 2001. 2002 PTD 1016

  Income Tax Ordinance 1979 Section 80C (2) (a) (ii) and the First Schedule, Part IV, to label, pack, and convey conveyance of Parab Tax Manufacturing Industrial Underworking Imported Goods on the incom…

• I. T. A. No. 1051/KB of 2000-2001, decided on 18th October, 2001 v. I. T. A. No. 1051/KB of 2000-2001, decided on 18th October, 2001 2002 PTD 1021

  Income Tax Ordinance 1979 Section 533 (4) CBR Circular No. 4 History of 1995 97 97 Assessment of Tax Compensation in 1995 Advance Payment of the Year 1995 199 Compensation on Advance Tax under Section…

• I.T.A. No. 1599/KB of 1995-96, decided on 11th December, 2001 v. I.T.A. No. 1599/KB of 1995-96, decided on 11th December, 2001 2002 PTD 1029

  Assessment of Income Tax Ordinance 1979 Section 24 (e) Deductions Adjustability Head Office Expenses A non-resident company's assessment claimed that the head office's expenses were not in the account…

• I.T.A. No.396/KB of 1999-2000, decided on 29th September, 2001. v. I.T.A. No.396/KB of 1999-2000, decided on 29th September, 2001. 2002 PTD 1186

  Additional Commissioner's powers to amend the order of the Deputy Commissioner, Universal, to amend the CBR Circular No. 18 of the Income Tax Ordinance 1979 Sections 454, 66A, 59 (1) and 134 1999, dat…

• W.T.As. Nos.2280/LB to 2284/LB of 1999, 1013/LB to 1016/LB of 2000, 268/LB to 272/LB, 1325/LB v. W.T.As. Nos.2280/LB to 2284/LB of 1999, 1013/LB to 1016/LB of 2000, 268/LB to 272/LB, 1325/LB 2002 PTD 1512

  Wealth Tax Act 1963 Sections 17 and 2 (16) Estimation of Escape from Wealth 1991 1992 to 1995 96 For the purpose of compensation, gold confiscated by customs authorities was not declared gold in the W…

• I.T.As. Nos.4256/LB and 4257/LB of 2001, decided on 25th January, 2002. v. I.T.As. Nos.4256/LB and 4257/LB of 2001, decided on 25th January, 2002. 2002 PTD 1523

  Assessment under Income Tax Ordinance 1979 Sections 52, 86, 50 (4), 80C, 80CC and 143B Section RA No. 368 (1) / 94, dated 7-5 1994 Section 52/86 of the Income Tax Ordinance 1979 The order passed by th…

• I.T.As. Nos.3355/LB and 3738/LB of 2000, decided on 21st February, 2002. v. I.T.As. Nos.3355/LB and 3738/LB of 2000, decided on 21st February, 2002. 2002 PTD 1531

  Second Schedule to Income Tax Ordinance 1979, CL (118C) Date of Exemption Past Date Refusal of exemption in income of industrial commitments obtained by wages was denied on the basis of the date of th…

• W.T.As. Nos. 1251/LB to 1256/1.13 of 2000, decided on 26th June, 2001. v. W.T.As. Nos. 1251/LB to 1256/1.13 of 2000, decided on 26th June, 2001. 2002 PTD 1543

  Sections 2 (5) (ii), 14 (2) and 17 (1) of the Wealth Tax Act 1963, 1963, R8 (3) CB, R Circular No. 7, 1994 dated 10, 1994 C: BRC Circular 1991 No. 11, dated 17 7 1994, a privately held company, Assisi…

• W.T.As. Nos. 1366/LB to 1369/LB of 2000, decided on 30th November, 2001. v. W.T.As. Nos. 1366/LB to 1369/LB of 2000, decided on 30th November, 2001. 2002 PTD 1567

  Section 3, 2 (m) and 17 Wealth Tax Charges of the Wealth Tax Act, 1963, were assessed by the Asset Property / Land Development Authority and the grant of 30% of the land acquired by the Assessor. It w…

• I.T.As. Nos. 987/LB, 988/LB of 1994; 2988/LB, 2989/LB, 3643/LB, 3644/LB of 1995 v. I.T.As. Nos. 987/LB, 988/LB of 1994; 2988/LB, 2989/LB, 3643/LB, 3644/LB of 1995 2002 PTD 1581

  The Finance Act 1991 Section 12 Corporate Asset Tax is in progress The Taxability Tribunal instructed the Assessing Officer to obtain a corporate asset tax on the ongoing work after obtaining the deta…

• I.T.A. No. 4403/LB of 2001, decided on 31st December, 2001. v. I.T.A. No. 4403/LB of 2001, decided on 31st December, 2001. 2002 PTD 1583

  The Assessing Officer regarding the production of accounts, evidence, etc. 129 and 134 of the Income Tax Ordinance 1979, failed to contest the defects under Article 62 of the Income Tax Ordinance 1979…

• W.T.As. Nos. 1769/LB and 1770/LB of 2000, decided on. 16th February, 2002. v. W.T.As. Nos. 1769/LB and 1770/LB of 2000, decided on. 16th February, 2002. 2002 PTD 1818

  The Second Schedule to the Wealth Tax Act 1963, Part I, CL (1), Zakat and Usher Ordinance (XVIII of 1980), Section 25 (1), is exempt from levying tax under this tax. Cash income of NIT units on which …

• W.T.A. No. 582/LB of 1996, decided on 11th March, 2002. v. W.T.A. No. 582/LB of 1996, decided on 11th March, 2002. 2002 PTD 1826

  Sections 24, 16 (3), 23 and 5 (1) (i) of the Wealth Tax Act, 1963, were appealable and rejected after the appellate order was passed which was also under appeal. That the appellate order was approved …

• I.T.As. Nos.3977/LB to 3979/LB of 1996, 2462/LB to 2466/LB \'of 1998, v. I.T.As. Nos.3977/LB to 3979/LB of 1996, 2462/LB to 2466/LB \'of 1998, 2002 PTD 1831

  The first schedule of the Income Tax Ordinance 1979, the Part II Super Tax Exemption Inlet Income Tax Appellate Tribunal, enforced the rule laid down by the Supreme Court in Union Council Ali Wahan, S…

• I.T.A. No.3084/LB of 2001, decided on 26th November, 2001. v. I.T.A. No.3084/LB of 2001, decided on 26th November, 2001. 2002 PTD 1841

  Income Tax Ordinance 1979 Sections 12 (18) and 65 Assessed Income Additional Assessment In addition to the authorized capital, the share deposit is received in advance of the replacement of section 12…

• I.T.A. No.2449/LB of 1999, decided on 12th April, 2000. v. I.T.A. No.2449/LB of 1999, decided on 12th April, 2000. 2002 PTD 1898

  Income Tax Ordinance 1979 Section 23 (1) (x) Premature writing of bad loans Bad credit is not considered by the State Bank for such behavior Impact Asset claim by bad credit, bank's permission The bad…

• I.T.As. Nos. 2613/LB to 2619/1 13 of 2001, decided on 13th October; 2001. v. I.T.As. Nos. 2613/LB to 2619/1 13 of 2001, decided on 13th October; 2001. 2002 PTD 1930

  The Income Tax Ordinance 1979 Sections 86, 88, 80 cc, 143 b & 50 additional tax was levied on the tax due to the difference between deduction and deduction. The L / 2% tax deduction was correct and th…

• I.T.A. No. 2069/KB of 1999-2000, decided on 31st August, 2001. v. I.T.A. No. 2069/KB of 1999-2000, decided on 31st August, 2001. 2002 PTD 1941

  Option to inspect Additional Commissioner for review of Income Tax Ordinance 1979 Section 66A Deputy Commissioner status Specifically aggravated as an order and inspection by the Inspector Additional …

• I.T.As. Nos. 3462/LB of 2001, decided on 14th March, 2001. v. I.T.As. Nos. 3462/LB of 2001, decided on 14th March, 2001. 2002 PTD 1949

  Income Tax Ordinance 1979 Section 66A & 59 (1) CBR Circular No. 18 of 1999, Para 12 (a) Additional Commissioner's Inspection Options for Revising the Assessment Year of the Deputy Commissioner 2000 Co…

• I.T.As. Nos. 4204/LB of 2000, 442/LB, 1239/LB, 1240/LB of 2001, decided on 14th November, 2001. v. I.T.As. Nos. 4204/LB of 2000, 442/LB, 1239/LB, 1240/LB of 2001, decided on 14th November, 2001. 2002 PTD 1952

  Amendment to Income Tax Ordinance 1979 Sections 24 (c) and 156 Irrevocable Deductions Salary By way of amending balance payment expenses, the licensed property company / SCCC filed a return after the …

• I.T. A. No. 2025/LB of 2001, decided on 28th February, 2002. v. I.T. A. No. 2025/LB of 2001, decided on 28th February, 2002. 2002 PTD 1957

  Section 59 and 62 of CBR Circular No. 9, 1998 dated 21 7 1998, Para 5 (b) Self Assessment Doctor's salary income was more than 50% of total income Assessment total audit under section 62 of Income Tax…

• I.T.A. No. 3068/LB of 1994, decided v. I.T.A. No. 3068/LB of 1994, decided 2002 PTD 1962

  Income Tax Ordinance 1979 Sections 13 (1) (AA), 129 and 134 of the Unspoken Investment Assessment claim that it manufactures property tax department and the Secretary Housing Society in the form of a …

• I.T.As. Nos. 1856/LB to 1858/LB of 2001, .decided v. I.T.As. Nos. 1856/LB to 1858/LB of 2001, .decided 2002 PTD 1971

  The Income Tax Ordinance 1979 Sections 52 and 50 (1) are the responsibility of the person to fail to receive or pay tax if the increase is increased as a result of the Assessment to the Income Tax Ord…

• W.T.A. No. 1338/LB of 2000, decided v. W.T.A. No. 1338/LB of 2000, decided 2002 PTD 1982

  The Finance Act 1991 Section 12 (1) (9) (10) Wealth Tax Act (XV of 1963), Section 17A provided for the assessment of the extent of taxation of corporate assets that prohibited the assessment of corpor…

• I.T.As. Nos. 2983/LB and 3901/LB of 2001, decided v. I.T.As. Nos. 2983/LB and 3901/LB of 2001, decided 2002 PTD 1997

  Section 23 (1) (vii) interest deduction on short-term loans used for business was given to the sister due to concern from her own source in the short-term proportion of the amount to be paid. Interest…

• W.T.A. No. 2083/LB of 2000, decided v. W.T.A. No. 2083/LB of 2000, decided 2002 PTD 2014

  R 8 (2) (c) (ii) The Ordinance of Companies (XLVII of 1984), the wilderness surplus was neither \ amount \ to calculate the break-up value on the maintenance of breakup value fixed assets of section 2…

• I.T.A. No.3041/LB of 1994, decided v. I.T.A. No.3041/LB of 1994, decided 2002 PTD 2106

  Under section 13 (1) (a) of the Income Tax Ordinance 1979 section 13 (1) (a), the express violation of the law was enforced. 1979 1979 the as, as expressly stated in the above provisions, it is presum…

• I.T.A. No. 1557/LB of 2000, decided on 18th April, 2002. v. I.T.A. No. 1557/LB of 2000, decided on 18th April, 2002. 2002 PTD 2133

  Income Tax Ordinance 1979 Section 12 (18) considered the Income Share Deposit money as debt bond amount treated as share deposit amount and was not shown as claim or debt in the balance sheet but in f…

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