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I.T.A. NO.2702/LB OF 1995 versus I.T.A. NO.2702/LB OF 1995


Section 22 and 13 (1) (d) of the Income Tax Ordinance 1979 Returns the income with the statement of wealth related to a plot in pursuance of the notice under Section 56 Assessing Officer assessing the value of the property increased by the business. Done, find and maintain the return value of the plot at the bottom. Look at the parallel case, the higher data was evaluated in addition because the CET (Appeal), recognizing the revenue, had put the valuation aside in the direction that in light of the legitimate market value. In the second step, however, the response of the Assisi was found to the contrary. The fact-finding officer repeatedly proceeds and, as previously made, the CIT (Appeal) found the appraisal to be fair and the appeal dismissed, the appraisal officer failed to estimate the plot's value and The parallel case should be interpreted as a baseline. The cost of adopting a parallel case was agreed upon

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