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W.T.A. NO.82/HQ OF 1989-90 versus W.T.A. NO.82/HQ OF 1989-90

Wealth Tax Act 1963 2 (e) (ii) Asset value where immovable property is held for the purpose of construction and sale by a firm, an AOP or an organization of persons, whether incorporated or not. Yes, and a company and construction work are in progress on similar pricing history, after offering units under construction for pre-sale, such incomplete plans or pricing history plans cost the total sales price. The proportion of the project, which is offered for sale as the project progresses to the date of evaluation, reaches the point where, however, If any of the Assyri possesses immovable property for construction and sale but makes a similar offer for sale only after completion of the construction, evaluation of the completed project on the date of assessment will be required by the Assessing Officer under Income Tax Ordinance 1979 The profit as well as the profit margin should be assessed either in this case itself or where there is no reduction in the case of the Assisi's own case, as well as in the case of such valuation of profit. Margins were assessed [WT As Nos 1686 to 1692 / KB for 1986 87; 536 / KB 1986 87; pending 1054, 1054 A and 1080 / KB 1986 87] jobs for fresh advocates from Gakhar Mandi lawyer