I.T.A. NO.2595/KB OF 1993-94 versus I.T.A. NO.2595/KB OF 1993-94
Resume Income Tax Ordinance 1979 Section 65 Assessing the Cost of Anonymous Purchase, a firm's partner, bought the plots and in his statement of wealth, Assisi announced, however, that with the return of income, however, The statement of wealth has not been filed in the relevant years under section 59 (1) of the Income Tax Ordinance under the Self Assessment Scheme, 1979 the Assigning Officer, stated that the plots were shown as an asset in the Balance Sheet A firm. The plot was actually purchased by the firm, in which Esmeet was a partner. Assessment name and then formally transferred to the firm at a price Canceling the purchase and sale of the anonymous, the Assessing Officer determined the sale price on his own and the profit compensation under section 22 of this ordinance As such, until the transfer was confirmed, the diagnostic officer had no authority to reject the version of the SC because it had no valid information
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