Income Tax Appellate Tribunal Pakistan — Judgments of 2003

161 reported judgments of the Income Tax Appellate Tribunal Pakistan from 2003 — page 1 of 2.

• I.T.A. No. 367/KB of 1998-99, decided on 8th June, 1999. v. I.T.A. No. 367/KB of 1998-99, decided on 8th June, 1999. 2003 PTD 26

  Income Tax Appellate Tribunal Rules R10 Appeal Memorandum of Appeal Grounds were not in accordance with R10 of the Income Tax Appeal Tribunal Rules 1981 and were dismissed after filing an ambiguous an…

• I. T. As. Nos. 611/IB and 612/IB of 1998-99, decided on 15th June, 2002. v. I. T. As. Nos. 611/IB and 612/IB of 1998-99, decided on 15th June, 2002. 2003 PTD 101

  Income Tax Ordinance 1979 Sections 109 and 32 of Income Tax Rules, 1982, 28 and 29 on failure to maintain fixed accounts, required book restoration of accounts set out under RR 28 and 29 of Income Tax…

• W.T.As. Nos. 265/LB, 264/LB, 155/LB and 156/LB of 2002, decided on 21st August, 2002. v. W.T.As. Nos. 265/LB, 264/LB, 155/LB and 156/LB of 2002, decided on 21st August, 2002. 2003 PTD 108

  Wealth Tax Act 1963 Second Schedule, CL12 (2) The Association of Persons with Purchase of Waivers was rejected by the Waiver Assessing Officer because the business is being done by the Association Per…

• I. T. A. No. 1578/KB of 1999-2000, decided on 20th August, 2002. v. I. T. A. No. 1578/KB of 1999-2000, decided on 20th August, 2002. 2003 PTD 116

  Income Tax Ordinance 1979 Section 65 Jurisdiction of Latifabad proceeded from Tando Adam's appraisal officer, started under section 65 of Tando Adam, Additional assessment by Tando Adam's appraisal of…

• I.T.As. Nos. 6625/LB, 6625-A/LB and 6625-B/LB of 1996, decided on 3rd May, 2002. v. I.T.As. Nos. 6625/LB, 6625-A/LB and 6625-B/LB of 1996, decided on 3rd May, 2002. 2003 PTD 128

  Income Tax Ordinance 1979 Sections 62, 63 and 59 (1) Evaluation of preparation of evidence of accounts etc. Section 59 (1) of the Income Tax Ordinance 1979 did not conform to the usual assessment prov…

• I.T.A. No.3906/LB of 2000, decided on 31st August, 2002. v. I.T.A. No.3906/LB of 2000, decided on 31st August, 2002. 2003 PTD 137

  Income Tax Ordinance 1979 Section 66A The Deputy Commissioner's inspection powers to inspect the Deputy Commissioner's order unanimously inspect the Additional Commissioner on the basis that the Asses…

• W.T.A. No.997/LB of 2001, decided on 24th August, 2002. v. W.T.A. No.997/LB of 2001, decided on 24th August, 2002. 2003 PTD 163

  Wealth Tax Act 1963 Sections 17 (1) (a), 16 (3) and 35 Wealth Tax Rules, 1963, R 8 (2) (ii) Determining the value of a share of a property escape assessment error correction The officer accepted the f…

• I.T.A. No.479/KB of 1996-97, decided on 23rd August, 2002. v. I.T.A. No.479/KB of 1996-97, decided on 23rd August, 2002. 2003 PTD 192

  Income Tax Ordinance 1979 Section 66A, 59A, 80C (4) CBR Circular No. 12, 1991 30 199 1991 inspection powers that will review the orders of the Deputy Commissioner from the sale of stock taxability ord…

• Appeal No. 1 of 2001, decided on 18th April, 2001. v. Appeal No. 1 of 2001, decided on 18th April, 2001. 2003 PTD 199

  Sections 15, 16 and 194 of the Customs Act 1969 (VII of 1975), Sections 2 (c), 24 and 26 of the Gandhara statue were charged with forgery and illegal export of the Gandhara statue, by the respondent a…

• W.T.As. Nos. 189 and 190(PB) of 1998-99, decided on 29th June, 2002. v. W.T.As. Nos. 189 and 190(PB) of 1998-99, decided on 29th June, 2002. 2003 PTD 210

  Wealth Tax Act 1963 Section 16 Appraisal Gift Assessing Officer, rejecting the acquisition of the property that he had gifted some portion of the property is also included in net wealth First Appellat…

• Appeal No.453/LB of 1999, decided on 4th June, 2001. v. Appeal No.453/LB of 1999, decided on 4th June, 2001. 2003 PTD 220

  Customs Act 1969 Sections 19, 33 and 194 a Section RO 555 (I) / 98, dated 12 6 1998 Section RO 24 (I) / 99, 13 1 1999 Duty return, claim for imported computer parts and The duty imposed under section …

• I.T.A. No. 3831/KB of 1993-94, decided on 5th May, 2001. v. I.T.A. No. 3831/KB of 1993-94, decided on 5th May, 2001. 2003 PTD 228

  Circular No. 14 of the Income Tax Ordinance 1979 Sections 65 (1) (C), 59 (B) and 156 of the CBR dated 14th 1992, 1992 were adopted under section 59 (b) of the Income Tax Ordinance 1979 and thereafter …

• I.T.As. Nos. 3249/LB to 3254/LB of 2002, decided on 18th May, 2002. v. I.T.As. Nos. 3249/LB to 3254/LB of 2002, decided on 18th May, 2002. 2003 PTD 242

  Income Tax Ordinance 1979 Sections 154, 59 (A) / 59 (1), 61 and 66A Service of Notice First Appellate Authority acknowledged that the notice was not properly presented under section 61 of the Income T…

• M. As. (R) Nos.124 to 126(IB) of 2002 and W.T.As. Nos. 1193 to 1195 v. M. As. (R) Nos.124 to 126(IB) of 2002 and W.T.As. Nos. 1193 to 1195 2003 PTD 260

  Wealth Tax Act 1963 Section 35 Wealth Tax Rules, 1963, R8 (2) (c) (i) Error correction, appellate tribunal directs officer examining adherence to High Court decision for valuation of shares But the de…

• I.T.As. Nos.2044/KB and 2045/KB of 19-95-96, decided on 28th August, 2002. v. I.T.As. Nos.2044/KB and 2045/KB of 19-95-96, decided on 28th August, 2002. 2003 PTD 268

  Income Tax Ordinance 1979 Section 111 Disagrees With Covering Income Tax The First Appellate Authority has affirmed that the penalty imposed was signed by a competent representative of the competent a…

• I.T.A. No.2956/LB of 2001, decided on 27th August, 2002. v. I.T.A. No.2956/LB of 2001, decided on 27th August, 2002. 2003 PTD 279

  Income Tax Ordinance 1979 Section 66A & 13 (1) Additional Commissioner's Inspection Powers Review the Deputy Commissioner's Order Amendment Jurisdiction, Individual Differences Between Members' Initia…

• W. T. A. No. 88(IB) of 2000-01, decided on 11th April, 2002. v. W. T. A. No. 88(IB) of 2000-01, decided on 11th April, 2002. 2003 PTD 299

  Wealth Tax Act 1963 Second Schedule, Part I, CL (I) Zakat and Ursher Ordinance (XVIII of 1980), Section 2 (xxvi) and 3 exemption shares of Private Company Limited on the face of deduction of Zakat at …

• I.T.As. Nos. 1734/KB and 1735/KB of 2001, decided on 28th August, 2002. v. I.T.As. Nos. 1734/KB and 1735/KB of 2001, decided on 28th August, 2002. 2003 PTD 307

  Appeal of Documented Evidence in the Income Tax Ordinance 1979 Section 131 (4) Procedure Appeal Authorities first recognized evidence that had not been submitted to the Tile Assessing Officer and on w…

• I.T.A. No. 2046/LB of 2000, decided on 30th April, 2002. v. I.T.A. No. 2046/LB of 2000, decided on 30th April, 2002. 2003 PTD 319

  Section 14C of the Wealth Tax Act, 1963, on the property of some immovable property, the tax authority filed the Wealth Tax Return and claimed that the self-tax retired house tax was paid on the basis…

• I.T.As. Nos. 492 to 494(PB) of 1999-2000, decided on 29th September, 2001. v. I.T.As. Nos. 492 to 494(PB) of 1999-2000, decided on 29th September, 2001. 2003 PTD 322

  Income Tax Ordinance 1979 Sections 30 and 23 (1) (vii) Income from other sources Interest income is defined as interest income based on unrealized capital expenditures, resulting in an investment, ove…

• W.T.As. Nos. 1955/LB and 1954/LB of 2000, decided on 6th August, 2002. v. W.T.As. Nos. 1955/LB and 1954/LB of 2000, decided on 6th August, 2002. 2003 PTD 332

  The provisions of Sections 12 (6) (7) and (8) of the Finance Act 1991 were assessed in return for additional tax penalties in response to a notice that reduced the value of fixed assets excluding the …

• W.T.As. Nos. 654/LB to 656/LB of .2002, decided on 16th August, 2002. v. W.T.As. Nos. 654/LB to 656/LB of .2002, decided on 16th August, 2002. 2003 PTD 341

  Section 16 (5) of the Wealth Tax Act 1963 is scheduled for assessment hearing 7 days before the date of appointment of the first appellate authority after the approval of the record before the final d…

• I.T.As. Nos. 417/KB to 420/KB of 2000-2001, decided on 27th July, 2002. v. I.T.As. Nos. 417/KB to 420/KB of 2000-2001, decided on 27th July, 2002. 2003 PTD 346

  Income Tax Ordinance 1979 Sections 108 (b), 142, 50 and 86 of the Income Tax Ordinance (XLJX of 2001), Section 182 total income and the failure to offer certain statement refunds, 2,001 fines before b…

• I.T.As. Nos. 1158/IB, 1159/IB of 1986-87, 223/IB, 224/IB of 1989-90, 230/IB; 64/IB v. I.T.As. Nos. 1158/IB, 1159/IB of 1986-87, 223/IB, 224/IB of 1989-90, 230/IB; 64/IB 2003 PTD 368

  Income Tax Ordinance 1979 Sections 32, 11 and 55 Accounting Methods Total / Income Scope Marketing and Pricing Principles Contract Changes in the urea price adjustment accounting method, claiming urea…

• M.A. (Rect.) No.418/KB of 2002 in I.T.A. No. 415/KB of 2001, decided on 20th September, 2002. v. M.A. (Rect.) No.418/KB of 2002 in I.T.A. No. 415/KB of 2001, decided on 20th September, 2002. 2003 PTD 403

  Income Tax Ordinance 1979 Sections 156 and 80B Errors At least the tax society company appellate tribunal on the income of some persons held that the society was not included in the definition of comp…

• I.T.As. Nos. 1297/LB and 1298/LB of 2002, decided on 21st September, 2002. v. I.T.As. Nos. 1297/LB and 1298/LB of 2002, decided on 21st September, 2002. 2003 PTD 405

  Additional Tax Compensation for Income Tax Ordinance 1979 Sections 52, 86 and 62 Tax Deduction and Failure to Pay The order of the account under section 86 under 1979, the order passed almost 5 years …

• I.T.A. No. 744/KB of 1997-98, decided on 26th October, 2002. v. I.T.A. No. 744/KB of 1997-98, decided on 26th October, 2002. 2003 PTD 436

  Income Tax Ordinance 1979 First Schedule, Parts V, and IV, Parab (2), Sections 2 (16) (31) and 47 Finance Ordinance (XIV of 1983), CBR Circular No. 7 1983 Dated 12 6 1983 Tax Rate The rate of trust fo…

• I.T.A. No. 4337/LB of 1996, decided on 22nd October, 2002. v. I.T.A. No. 4337/LB of 1996, decided on 22nd October, 2002. 2003 PTD 447

  Income Tax Ordinance 1979 Section 59 CBR Circular No. 16 1992, Dated 1 7 1992 Cell Assessment Scheme 1992 93 93 CBR Circular No. 9 1994 95, Para 5A Self Assessment Scheme 1994 95 Cell Assessment Asses…

• I.T.As. Nos. 34(IB)/2000-01 and 946(IB)/2000-01, decided 8th June, 2002. v. I.T.As. Nos. 34(IB)/2000-01 and 946(IB)/2000-01, decided 8th June, 2002. 2003 PTD 463

  Income Tax Ordinance 1979 Section 62, 66A and Second Schedule, CLS (7) and (8) Income Tax Act (XI of 1922), Section 4 (3) (xii) (xiii) Section RO1136 (I) / 91, dated 7-11 1991 Mines and Oil Fields and…

• I.T.As. Nos. 529/KB to 531/KB and 408/KB to 411/KB of 1997-98, decided on 16th October, 2002. v. I.T.As. Nos. 529/KB to 531/KB and 408/KB to 411/KB of 1997-98, decided on 16th October, 2002. 2003 PTD 473

  Income Tax Ordinance 1979 Section 2 (20) The agreement between the Government of Pakistan and the Swiss Federal Council Division non-resident company to avoid double taxation was divided by the Pakist…

• I.T.As. Nos.836/LB to 838/LB of 2002,\'decided on 3rd August, 2002. 2003 PTD 484

  In addition to creating demand under Section 52A of Income Tax Ordinance 1979, section 86, 52, 52A and 50 tax deduction and additional tax compensation on failure to pay. Was done. 1979 Assisi asserts…

• I.T.A. No. 293/KB of 1995-96, decided on 16th September, 2002. 2003 PTD 494

  Income Tax Ordinance 1979 Sections 15 and 2 (12) Ordinance of Banking Companies (LVII of 1962), Sections 7 (1) (a), 13 (1) (2), (4) and 29 Head Income Capital Asset Banking Companies Income from Gover…

• W.T.As. Nos. 1103/LB to 1107/LB of 2001, decided on 27th April, 2002. 2003 PTD 535

  Wealth Tax Act 1963 Sections 2 (m) (iii), 2 (d) (2) (16) and 2 (4) Convention of Convention (10 of 1984), Article 85 (5) Registration Act (XVI of 1908), section 17 (1) (b) and 17 (2) (v) CBR Letter C …

• I.T.As Nos. 65/IB and 66/IB of 2001-2002, decided on 3rd September, 2002. v. I.T.As Nos. 65/IB and 66/IB of 2001-2002, decided on 3rd September, 2002. 2003 PTD 605

  Review the inspection powers of the Additional Commissioner of Income Tax Ordinance 1979 Sections 66A (2), 62 and 62/132, whether the threshold runs from the date of the order passed under section 62 …

• Reference Applications Nos. 52(IB) and 53(IB) of 2002, decided on 2nd August, 2002. v. Reference Applications Nos. 52(IB) and 53(IB) of 2002, decided on 2nd August, 2002. 2003 PTD 613

  In reference to the Income Tax Ordinance 1979 Sections 136 (1), 26 (c) and 80c, the Assisi was a private limited company engaged in the mining and management of various mineral reserves projects. Unde…

• I.T.A. No. 4050/LB of 1998, decided on 18th November, 1999. v. I.T.A. No. 4050/LB of 1998, decided on 18th November, 1999. 2003 PTD 622

  Income Tax Ordinance 1979 Sections 80D and 80C At least on the income of some persons, the First Appellate Authority directed the Assessing Officer to consider the amount of tax paid by Assessment und…

• I.T.A. No. 414/LB of 2002, decided on 27th July, 2002. v. I.T.A. No. 414/LB of 2002, decided on 27th July, 2002. 2003 PTD 625

  Regulations for enforcing diagnostic terms on Income Tax Ordinance 1979 section 62 (1), preparation of accounts, etc. Assessment prepared books of accounts and effects for non-compliance with Section …

• I.T.As. Nos.1535/KB to 1537/KB of 2002, decided on 9th September, 2002. v. I.T.As. Nos.1535/KB to 1537/KB of 2002, decided on 9th September, 2002. 2003 PTD 634

  Section 52 and 50 (3), (4) of the Income Tax Ordinance 1979, claiming that the tax deduction or failure of the taxpayer to deduct the source tax from the reduction of liability tax claims that Section…

• W.T.As. Nos. 891/LB to 894/LB of 2002, heard on 18th September, 2002. v. W.T.As. Nos. 891/LB to 894/LB of 2002, heard on 18th September, 2002. 2003 PTD 651

  Section 18 (1) (a), 35 and 14 (1) (a) of the Wealth Tax Act 1963 cover the penalty for defaulting on the wrongdoer for the default of section 14 (1) (a) of the Wealth Tax Act. Was imposed. With the ap…

• I.T.A. No.1770/KB of 1996-97, decided on 6th June, 2002. v. I.T.A. No.1770/KB of 1996-97, decided on 6th June, 2002. 2003 PTD 661

  The Income Tax Ordinance 1979 Sections 80B (1), 2 (20) (E) and 50 (6A) were the share of the taxpayer's source of tax on the income of dividends and income from bank profits, along with the Assistant …

• I.T.A. No. 1056/KB of 1996-97, decided on 3rd September, 2002. v. I.T.A. No. 1056/KB of 1996-97, decided on 3rd September, 2002. 2003 PTD 664

  Income Tax Ordinance 1979 Section 80B, 143B & 2 (3) Tax Interest on Income of Some Contractors and Importers The Appellate Tribunal of the Income Tax Prompt Tax Accreditation did not purchase the asse…

• W.T.As. Nos.1069/LB, 1070/LB and 1071/LB of 2002, decided on 28th August, 2002. v. W.T.As. Nos.1069/LB, 1070/LB and 1071/LB of 2002, decided on 28th August, 2002. 2003 PTD 669

  Section 5 (1) (xvi) Wealth Tax Rules, 1963, R 8 (3) Lahore Development Authority Buildings Regulation Act, 1984, R 51 In connection with certain assets, the Exemption Clinic is part of the Residential…

• I.T.A. No. 3398/LB of 2000, decided on 29th July, 2002. v. I.T.A. No. 3398/LB of 2000, decided on 29th July, 2002. 2003 PTD 692

  Income Tax Ordinance 1979 Sections 66A, 59 (1) and 59 (A) Deputy Commissioner's Inspection Options to Revise Order Assessment Year 1998 99 Assessment Income Tax Order Cancellation Revenue Under Self A…

• I.T.A. No. 1713/KB of 1996-97, decided on 28th October, 2002. v. I.T.A. No. 1713/KB of 1996-97, decided on 28th October, 2002. 2003 PTD 698

  The amount recovered in respect of deductions after Articles 25 (c), 23 and 22, etc. In addition, there was no business and a return was filed stating the loss of financial expenses, which was not all…

• Reference Application No. 254/LB of 2002, decided on 22nd July, 2002. v. Reference Application No. 254/LB of 2002, decided on 22nd July, 2002. 2003 PTD 711

  The reference to the Income Tax Ordinance 1979 Sections 136, 134 (2) (5) and 155 of the High Court Appellate Tribunal dismissed the appeal only on technical grounds that the appeal memo was signed by …

• I.T.A. No. 1125/LB of 1994, decided on 4th June, 2002. v. I.T.A. No. 1125/LB of 1994, decided on 4th June, 2002. 2003 PTD 714

  Income Tax Ordinance 1979 Sections 13 (1) (d) and 65 Income Tax Rules, 1982, R207 The parallel case of property connected with the property was declared in accordance with the document filed in the pa…

• M. As. (Stay) Nos.324/LB and 325/LB of 2002, decided on 15th June, 2002. v. M. As. (Stay) Nos.324/LB and 325/LB of 2002, decided on 15th June, 2002. 2003 PTD 720

  Income Tax Ordinance 1979 Section 134 (6) Appellate Tribunal's Appeal Tribunal's Proceedings The Department argues that Section 134 (6) of the Income Tax Ordinance 1979 allowed the appellate tribunal …

• Reference Application No. 161/LB of 2002, decided on 22nd June, 2002. v. Reference Application No. 161/LB of 2002, decided on 22nd June, 2002. 2003 PTD 722

  Income Tax Ordinance 1979 Sections 136 and 23 (1) refer to the High Court's deduction allowance as a matter of fact, that it did not claim expenses and such depreciation and expenses under the car's h…

• I.T.A. No.4764/LB of 2001, decided on 31st May, 2002. v. I.T.A. No.4764/LB of 2001, decided on 31st May, 2002. 2003 PTD 728

  Income Tax Ordinance 1979 Act of section 86, 85 and 156 of the Income Tax Ordinance, by notice under Section 85 of the Income Tax Assessment Officer, proceeded to impose additional tax under section 8…

• Reference Application No. 153/LB of 2002, decided on 24th April, 2002. v. Reference Application No. 153/LB of 2002, decided on 24th April, 2002. 2003 PTD 731

  Income Tax Ordinance 1979 Sections 136 and 50 (4) (b), Proviso (i) High Court Reference Source: Tax Deductions and Refund Arrangements Question Question. Was. )) Income Tax Ordinance 1979 1979 1979 Bu…

• I.T.As. Nos. 198/LB and 199/LB of 2002, decided on 26th September, 2002. v. I.T.As. Nos. 198/LB and 199/LB of 2002, decided on 26th September, 2002. 2003 PTD 735

  Income Tax Ordinance 1979 Sections 80C, 50 (5) and 156 deduct tax on the tax source on the income of certain contractors and importers of imported goods for the purpose of deducting sales tax and cust…

• W.T.As. Nos.1012/LB and 1361/LB of 2001, decided on 30th May, 2002. v. W.T.As. Nos.1012/LB and 1361/LB of 2001, decided on 30th May, 2002. 2003 PTD 743

  Wealth Tax Act 1963 Section 16 (3) Wealth Tax Rules, 1963, R8 (2) (C) (ii) The breakup value calculation for the breach of contract was determined by the price of the shares. On the basis of the final…

• I.T.As. Nos. 632/LB and 633/LB of 2001, decided on 30th May, 2002. v. I.T.As. Nos. 632/LB and 633/LB of 2001, decided on 30th May, 2002. 2003 PTD 754

  Income Tax Ordinance 1979 Section 66 To amend the order of the Deputy Commissioner, Additional Commissioner's Inspection Options A and 80C Options Assisi filed returns / statements under section 143B …

• I. T. A. No. 4949/LB of 2001, decided on 11th May, 2002. v. I. T. A. No. 4949/LB of 2001, decided on 11th May, 2002. 2003 PTD 769

  Second Schedule to Income Tax Ordinance 1979, Part I, CL (86) Circular No. 2 of CBR, Dated 18 2 1996 Exemption of payment of salary to teachers belonging to members of the Board of Directors of the Ed…

• W.T.A. No. 1230/LB of 2000, decided on 15th April, 2002. v. W.T.A. No. 1230/LB of 2000, decided on 15th April, 2002. 2003 PTD 783

  Finance Act 1991 Section 12 (6) Wealth Tax Act (XV of 1963), Section 17A, Assessment of Corporate Asset Taxes Examining the extent of merger of corporate asset tax restitution appeals that the approve…

• I.T.As. Nos. 24/KB, 96/KB, 2052/KB and 2053/KB of 2000-2001, decided on 30th April, 2002. v. I.T.As. Nos. 24/KB, 96/KB, 2052/KB and 2053/KB of 2000-2001, decided on 30th April, 2002. 2003 PTD 822

  Income Tax Ordinance 1979 Section 27 Capital Guinea In the form of hereditary agricultural plots, the sale of such land by the Taxability Assessment converted the inherited agricultural land to Sakni …

• I.T.A. Nos. 382/IB to 390/IB of 2000-2001, decided on 13th November, 2001. v. I.T.A. Nos. 382/IB to 390/IB of 2000-2001, decided on 13th November, 2001. 2003 PTD 835

  Income Tax Ordinance 1979 Sections 12 (18), 66A, 59A and 133 (7) of the Constitution of Pakistan, 1973 (1973), Arts 189 and 201 for the construction of houses suitable income increase and motor car lo…

• I.T.As. Nos. 4465/LB of 1996, 1418/LB of 1997, 3212/LB and 3213/LB of 2000 v. I.T.As. Nos. 4465/LB of 1996, 1418/LB of 1997, 3212/LB and 3213/LB of 2000 2003 PTD 869

  Inspection powers of the Income Tax Ordinance 1979 Sections 66A, 80C, 80D, 50 (4) and 50 (4A) 1991 CBR Circular No. 12, 30 199 1991, on the order of the Deputy Commissioner, Additional Commissioner. T…

• I.T.As. Nos. 322/LB to 324/LB of 2000, decided on 10th June, 2002. v. I.T.As. Nos. 322/LB to 324/LB of 2000, decided on 10th June, 2002. 2003 PTD 880

  Income Tax Ordinance 1979 Sections 66A, 62, 59A, 92, 50 (4) and 156 powers of Additional Commissioner inspection to review the order of the Deputy Commissioner to finalize the assessment after detaile…

• W.T.As. Nos.1372/LB and 1373/LB of 2000, decided on 12th June. 2002. v. W.T.As. Nos.1372/LB and 1373/LB of 2000, decided on 12th June. 2002. 2003 PTD 906

  Wealth Tax Act 1963 Second Schedule, Part I, CL (8A) Exemption Foreign currency account cash was used to pay cash loans that were originally used to purchase shares from such shares. Asset Tax Exempti…

• I.T.A. No. 3700/LB of 2000, decided on 20th July, 2002. v. I.T.A. No. 3700/LB of 2000, decided on 20th July, 2002. 2003 PTD 909

  Income Tax Ordinance 1979 Sections 66A, 24 (c) 50 (1), 62 and Second Schedule, CL (27) 1997 CBR Circular No. 15, 6 11 1997 Inspection Powers That Subject to the Deputy Commissioner's Deductions There …

• I.T.A. No.51/LB of 2002, decided on 14th May, 2002. v. I.T.A. No.51/LB of 2002, decided on 14th May, 2002. 2003 PTD 938

  Section 12 (9A) and Second Schedule, Part IV, CL (59) CBR Circular No. F12 (9A) CBR Letter of ITP / 99 Dated 8 6 2001, dated 16 6 2001 Is to pay 50% of dividend payout dividend at the end of the year …

• I.T.As. Nos. 864/LB to 867/LB of 2002, decided on 30th May, 2002. v. I.T.As. Nos. 864/LB to 867/LB of 2002, decided on 30th May, 2002. 2003 PTD 975

  Section 66A, 80C, 59 (1), 62 and II Schedule, Part IV, Total (9) Section R, O828 (I) 91, CL (37A) Section R30 (I) / 99, Date 14 1 1999 CBR Letter C No 3 (7) SS (WHT) / 98 99, Deputy Commissioner's Rev…

• I.T.AsNos. 6274/LB and 6275/LB of 1998, decided on 27th September, 2002. v. I.T.AsNos. 6274/LB and 6275/LB of 1998, decided on 27th September, 2002. 2003 PTD 980

  Second Schedule, Part IV, CL (9), Sections 80C, 62, 55 (1) and 59A Section RA 829 (I) / 91, dated 24 8 1491 CBR Circular C No. 1 (155) / DPT 11/94, dated 28 5 1996 Estimation of Exemption from Specifi…

• I. T. A. No. 1779/KB of 1999-2000, decided on 17th May, 2001. v. I. T. A. No. 1779/KB of 1999-2000, decided on 17th May, 2001. 2003 PTD 1053

  Section 80CC Income Tax Rules, 1982, 216 CBR Circular No. 5 of 1982, 2000 6 CBR Letter No. 3 (10) SS (WMT) 1998 99, 30 1999 1999 Some exporters Tax Export Sales on Income Tax Local Sales Principal Exp…

• W.T.A. No.194/KB of 2000-01, decided on, 18th September, 2001. v. W.T.A. No.194/KB of 2000-01, decided on, 18th September, 2001. 2003 PTD 1059

  The second schedule, CL (12) (1) and (17) (b), exempts two plots in solidarity with two plots connected to each other, residential plots located on two different roads for residential purpose, while i…

• W.T.A. No.740/HQ of 1991-92, decided on 22nd November 1999. v. W.T.A. No.740/HQ of 1991-92, decided on 22nd November 1999. 2003 PTD 1066

  Section 7 How to determine the value of a property 1/2 part of the property The higher the value of the portion of the property compared to the second half of the same year of assessment, according to…

• I. T. A. No. 149/KB of 2000-2001, decided on 22nd June, 2001. v. I. T. A. No. 149/KB of 2000-2001, decided on 22nd June, 2001. 2003 PTD 1068

  Sections 65, 13 (1) (A) and 59 (A) start proceedings under section 65 of the Income Tax Ordinance, 1979 on suspicion of purchase of additional valuation uncertainty beer certificates on suspicion that…

• I.T.A. No.810/KB of 1998-99, decided on 29th June, 1999. v. I.T.A. No.810/KB of 1998-99, decided on 29th June, 1999. 2003 PTD 1076

  Earnings from Sections 30, 31 (1) (b) and 62 other sources, short-term for Letter of Credit Income earned by the Letter of Credit Margin in STDs in the performance of business activities. The interest…

• I.T.A. No. 1778/KB of 1999, decided on 15th, May, 2001. v. I.T.A. No. 1778/KB of 1999, decided on 15th, May, 2001. 2003 PTD 1081

  Section 66A and Second Schedule Total (118E), Part IV, CL (9) 1992 CBR Circular No. 7, Dated 18 3 1992 CBR Letter No. (84) DTP II / 94, Date 9 7 1995 Additional Commissioner's Inspection Options Deput…

• I.T.A. No. 1144/KB of 1997-98, decided on 8th November, 2002. v. I.T.A. No. 1144/KB of 1997-98, decided on 8th November, 2002. 2003 PTD 1085

  Sections 111 (2) (C) and 13 (1) (D) of CBR Circular Letter No. 1 (1) DT 14/91, 24 199 1991, while agreeing to a contract to cover criminal income, imposed fines. The legality of a contract was to prov…

• I.T.A. No.4620/LB of 1994, decided on 16th July, 2002. v. I.T.A. No.4620/LB of 1994, decided on 16th July, 2002. 2003 PTD 1097

  Section 12 (18) of the Companies Ordinance (XLVII of 1984), the loan of income from the Managing Director for the purchase of Section 73 land, the basis for such loan change in the capital against the…

• I.T.As. Nos. 1926/KB of 1999-2000 and 95/KB of 2000-2001, decided on 20th April, 2001. v. I.T.As. Nos. 1926/KB of 1999-2000 and 95/KB of 2000-2001, decided on 20th April, 2001. 2003 PTD 1121

  Sections 62, 61, 56, 65 and 13 (1) (a) of the Assessment of Diagnostic Additions without issuing the Compulsory Notice Under Section 62 of the Income Tax Ordinance 1979, the evaluation of the validity…

• I.T.A. No.636/LB of 1997, decided on 16th August, 2002. v. I.T.A. No.636/LB of 1997, decided on 16th August, 2002. 2003 PTD 1126

  Sections 62, 50 (4A) and CHIPS VII, [Sections 50 to 54] and VIII [Sections 68 to 84] of CBR's Circular No. 63 of 1994, Assessment, Evidence, etc., relating to the production of accounts in Article 10,…

• I.T.As, Nos. 477/LB and 1136/LB of 2002, decided on 28th June, 2002. v. I.T.As, Nos. 477/LB and 1136/LB of 2002, decided on 28th June, 2002. 2003 PTD 1135

  Sections 66A, 23, and Third Schedule, 3 and 7 powers for the inspection of the Additional Commissioner for review of the order of the Deputy Commissioner under the Third Schedule to the Income Tax Ord…

• LT.A. No.3121/LB of 2001, decided on 6th September, 2002. v. LT.A. No.3121/LB of 2001, decided on 6th September, 2002. 2003 PTD 1146

  Section 66A and 17 CBR Letter No. 17 (1) / 94 dated 28 5 1994 CBR Letter C No 1 (1) / DTPI 94, dated 28 5 1994 CBR Circular No. 154 1954 Inspection Options to modify Additional Commissioner Deputy The…

• I.T.As. Nos. 927/LB and 928/LB of 2001, decided on 30th September, 2002. v. I.T.As. Nos. 927/LB and 928/LB of 2001, decided on 30th September, 2002. 2003 PTD 1158

  Section 66A, 62, 50 (4), 50 (5), 80C, 143B & Second Schedule, Part IV, CL9, Circular No. 12 of Para 4 CBR 1991, Inspection of Additional Commissioner, 306 1991 Option was to import a material manufact…

• I.T.As. Nos. 740/LB to 744/LB of 2002, decided on 26th September, 2002. v. I.T.As. Nos. 740/LB to 744/LB of 2002, decided on 26th September, 2002. 2003 PTD 1167

  Sections 52, 86 and 61 of CBR Circular No. 19 1999, dated 149 1999 by a person failing to receive or pay tax on account of payment of tax under section 52 of the Income Tax Ordinance, 1979 The first a…

• W.T.A. No. 1272/LB of 1996, decided on 16th August, 2002. v. W.T.A. No. 1272/LB of 1996, decided on 16th August, 2002. 2003 PTD 1182

  Section 17B & 5 (1) (xv) Protection of Economic Reforms Act (XII of 1992), Section 5 Finance Act (I of 1995) Income Tax Ordinance (XXI of 1979), Second Schedule, Part IV, CL (6A) ) Section RO 220 (I) …

• I.T.As. Nos. 5703/LB, 5704/LB of 1999, 1252/LB to 1256/LB, 1446/LB, 3190/0 v. I.T.As. Nos. 5703/LB, 5704/LB of 1999, 1252/LB to 1256/LB, 1446/LB, 3190/0 2003 PTD 1189

  Third Schedule, R7 Depreciation Allowance Assessment, a bank ad hoc weapon, was made for the reasons that no tax reduction schedule was provided at the time of testing and claims for deduction were hi…

• I.T.A. No. 772/PB of 1999-2000, decided on 10th November, 2001. v. I.T.A. No. 772/PB of 1999-2000, decided on 10th November, 2001. 2003 PTD 1204

  Section 23 Deductions Profit and Loss Account Administrative and General Expenses are not allowed as no business was done during the year The First Appellate Authority directed the Assessing Officer t…

• W.T.As.. Nos. 113/KB to 116/KB of 1995-96, ,decided on 31st December, 2001. v. W.T.As.. Nos. 113/KB to 116/KB of 1995-96, ,decided on 31st December, 2001. 2003 PTD 1207

  Definition of section 2 (5) (ii) [2 (e) (ii)], 1991 CBR Circular No. 18, dated 2 the 1991 Definition of Assets The effect of the increase on the assets stated by the assessee The explanation was enter…

• I.T.A. No.2649/LB of 2000, decided on 16th November, 2002. v. I.T.A. No.2649/LB of 2000, decided on 16th November, 2002. 2003 PTD 1222

  As 66A, 59 and 80 CCBR Circular No. 5 1997, Dated 12 7 1997 Self Assessment Scheme 1997 98, Para 2 (b) Inspection powers of Additional Commissioner Deputy Commissioner's order review self-review year …

• I.T.As. Nos. 4023/LB, 5034/LB and 5035/LB of 1999 decided on 28th June, 2000. v. I.T.As. Nos. 4023/LB, 5034/LB and 5035/LB of 1999 decided on 28th June, 2000. 2003 PTD 1228

  Sections 80CC (4), 50 (AA), 59A, 13 (1) (AA) and 62 Tax Assumptions Income Tax on Assessment of Some Exporters The assessee has claimed that the work-based probability is calculated. Extra Extra Profi…

• M.A. No.347/LB of 2002, decided on 15th August, 2002. v. M.A. No.347/LB of 2002, decided on 15th August, 2002. 2003 PTD 1238

  Section 13 (1) (a) and 156 additional permission / approval was sought from the officer evaluating additional permission rather than approval. The words of approval have different meanings of approval…

• W.T.A. No. 1190/LB of 2002, decided on 18th September, 2002. v. W.T.A. No. 1190/LB of 2002, decided on 18th September, 2002. 2003 PTD 1242

  Sections 2 (e) (2) and 2 (5) (ii) use such plot for sports, weddings and social welfare on the recovery of nominal compensation of open plots of property owned by a society which charges for maintenan…

• W.T.As. Nos.885/LB to 890/LB of 2002, decided on 18th September, 2002. v. W.T.As. Nos.885/LB to 890/LB of 2002, decided on 18th September, 2002. 2003 PTD 1244

  Sections 18 (1) (a), 35, 17 and 14 (1) (a) were punished with a tax equivalent to the approval of the Additional Commissioner inspecting for covert correction, as per earlier The increase was based on…

• I.T.A. No.7478/LB of 1996, decided on 6th November, 2002. v. I.T.A. No.7478/LB of 1996, decided on 6th November, 2002. 2003 PTD 1249

  Section 7 The Appellate Tribunal for the correctness of the Appellate Tribunal for the imposition of a tax on the large value of certain assets, had no jurisdiction to hear the appeal filed under the …

• I.T.As. Nos. 1360/KB of 1999-2000 and 2057/KB of 2002, decided on 11th January, 2003. v. I.T.As. Nos. 1360/KB of 1999-2000 and 2057/KB of 2002, decided on 11th January, 2003. 2003 PTD 1361

  Section 66A, 13 (1) (d) and 59A Stamp Act (II of 1899), inspecting deputy commissioner's inspection under section 59 powers of inspection of additional commissioner under section 59A of the Income Tax…

• I. T. A. No. 1181/LB of 2002, decided on 31st October, 2002. v. I. T. A. No. 1181/LB of 2002, decided on 31st October, 2002. 2003 PTD 1383

  Section 66A, 59 (1), 80 D&F Schedule, Para IV, CL2 (b) Circular No. 16 of the CBR dated 11th 1999, Para 2 (b) (iv) of the Additional Commissioner. Inspection Powers To review the order of the Deputy C…

• I.T.As. Nos. 1545/KB to 1548/KB of 1996-97, decided on 30th January, 2003. v. I.T.As. Nos. 1545/KB to 1548/KB of 1996-97, decided on 30th January, 2003. 2003 PTD 1449

  Section 23 (1) (vii) of the tax-free securities assessment officer in proportion to the non-allowance of financial interest (financing charges) on the borrowed capital, found that the special capital …

• I.T.As. Nos.585/KB and 586/KB of 2002, decided on 30th January, 2003. v. I.T.As. Nos.585/KB and 586/KB of 2002, decided on 30th January, 2003. 2003 PTD 1464

  Sections 66A, 38 (6), 35 and 23 (1) (v), to amend the Deputy Commissioner's order, inspect the powers of the Additional Commissioner on the basis of the assessment of damages beyond rental income unst…

• I..T. As. Nos. 4466/LB and 4467/LB of 2002, decided on 18th January, 2003 v. I..T. As. Nos. 4466/LB and 4467/LB of 2002, decided on 18th January, 2003 2003 PTD 1503

  Sections 30 and 31 do not accept lease management on income received from other sources based on the fact that it was a collective arrangement between the family because it was not registered. The loc…

• I.T.As. Nos.4226/LB to 4229/ LB of 2000, 5177/LB and 5178/LB of 2001, decided on 1st October, 2002 v. I.T.As. Nos.4226/LB to 4229/ LB of 2000, 5177/LB and 5178/LB of 2001, decided on 1st October, 2002 2003 PTD 1506

  Section 62, provisions and 132 books were evaluated or prepared, etc., without facing the defects in the books of accounts, which were made in the announced results, the additions were not practicable…

• I.T.As. Nos.2738/KB and 2764/KB of 1993-94, decided on 31st January, 2001 v. I.T.As. Nos.2738/KB and 2764/KB of 1993-94, decided on 31st January, 2001 2003 PTD 1522

  Section 23 (1) (viii) (b) Industrial Relations Ordinance (XXIII of 1969), Section 30 (4) and 54 Sindh Industrial Relations Rules, 1973, R69 bonus paid up to 60%, in compliance with The provisions of t…

• I.T.As. Nos. 212/KB and 213/KB of 1999-2000, decided on 26th January, 2001 v. I.T.As. Nos. 212/KB and 213/KB of 1999-2000, decided on 26th January, 2001 2003 PTD 1536

  Schedule A, A, & 62 and the Second Schedule, Reg Reg Societies Registration Act (XX6060 XX XXI) CBR's Circular No. 1996 of of, Additional to the Revision of Waiver Expenses in the Order of the Deputy …

• W.T.As. Nos. 87(IB) to 89(IB) of 2001-2002, decided on 30th January, 2003 v. W.T.As. Nos. 87(IB) to 89(IB) of 2001-2002, decided on 30th January, 2003 2003 PTD 1608

  R 8 (2) (c) (ii) Wealth Tax Act (XV of 1963), Section 16 (3) and Ordinance of 17B Companies (XLVII of 1984), Section 235 Resetting of assets as determined by the increase in share prices. Determinatio…

• I.T.As. Nos. 1102/KB, 800/KB, 1101/KB and 1100/KB of 2000-2001, decided on 23rd March, 2002 v. I.T.As. Nos. 1102/KB, 800/KB, 1101/KB and 1100/KB of 2000-2001, decided on 23rd March, 2002 2003 PTD 1629

  Sections 66A) 24 (1) and 16 (2) (B) (iv) Authorization to inspect the Deputy Commissioner for revision of the Deputy Commissioner by the Additional Commissioner inspecting under Section 66A of the Inc…

• I.T.A. No.2350/KB of 2001, decided on 13th May 2002 v. I.T.A. No.2350/KB of 2001, decided on 13th May 2002 2003 PTD 1636

  The matters sought by the Assessing Officer from the Section 156 Error Assessment Officer, in which case the first appellate authority had already pronounced its judgment, were not appropriate if the …

• I.T.A. No. 2160/KB of 2001, decided on 9th April, 2002 v. I.T.A. No. 2160/KB of 2001, decided on 9th April, 2002 2003 PTD 1643

  Second Schedule, Part I, CL (176) The interest income on the advance of the sister concern in the rebate electricity generating business was not related to the electricity related business in raising …

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