I. T. A. NO. 1121/LB OF 1992,93, DECIDED ON 4TH MARCH, 1997. versus I. T. A. NO. 1121/LB OF 1992,93, DECIDED ON 4TH MARCH, 1997.
Income Tax Ordinance 1979 Sections 22 and 32 (3) Estimate income from business GP Rate Markup Traceback Assisi returns sales with the request of his GP Rate Assessment Officer, 30% GP rate Rejected the same sales estimate at higher rates with. And because of the increase in the P&L account, the CIT (A) upheld the same assessment, sadly, the Second Appellate Tribunal, in keeping with its order last year, directed that the sale is verifiable. Adopt a 30% GP rate as confirmed by the tribunal last year. In the same order of the previous year, markup should be deleted in light of observation, add backs, unverified and not, ask not to be interrupted
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