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I.T.AS. NOS. 1186/LB, 1187/LB OF 1988-89, 8389/LB, 8390/LB OF 1991-92 AND 3232/LB OF 1994 versus I.T.AS. NOS. 1186/LB, 1187/LB OF 1988-89, 8389/LB, 8390/LB OF 1991-92 AND 3232/LB OF 1994


Income Tax Ordinance 1979 Section 13 (1) (b) Explanation of income increase in the purchase of an unclear investment property cannot be estimated for technical reasons; for the recovery of advance advance, the Assisi from the same party to the other Agreed to buy the property but to meet the required funds, Assisi found a finance corporation estimating officer considering a property whose value was stated and estimated at a higher price. And the difference was brought under taxation, the first appellate authority confirmed the same validity, where the finance Repression was involved. There is no doubt that, instead of reviewing it, no effort was required under the statement of value, nor was the Assessing Officer able to bring it home. Such efforts were not sustainable in terms of the anticipated growth

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