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I.T.A. NO.633/LB OF 1992-93 versus I.T.A. NO.633/LB OF 1992-93


Income Tax Ordinance 1979 Sections 22, 65 and 61 Reopening of Income Review of Businesses The non-compliance of the notice under section 61 of the Ordinance Effect was originally assessed under section 59 (1) of the Income Tax Ordinance 1979. The examining officer observed that the closed stock stock was not shown as open stock, a reassessment under section 65, Income Tax Ordinance, 1979, was initiated by the Assessing Officer, Assisi. The first appellate authority made further appeals, admitting that closed stock was not reflected. Commercial accounts were tried to exclude such error when the Assisi did not submit the account books when it was summoned under Section 65 of the Ordinance of Powers Ordinance Act under Section 65.

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