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I.T.AS. NOS.2320/LB TO 2322/LB OF 1996, 437/LB OF 1992-93, 2539/LB, 2540/LB AND 2537/LB OF 1996 versus I.T.AS. NOS.2320/LB TO 2322/LB OF 1996, 437/LB OF 1992-93, 2539/LB, 2540/LB AND 2537/LB OF 1996

Income Tax Ordinance 1979 Section 22 Income from business growth, which declares earnings from cotton manufacture and sales, and estimates of production results and sales rates that the diagnostic officer did not accept. The CIT is done keeping in mind. The prices allowed by the Assistive Officer were somewhat relieved; the rates sold by the Assessing Officer were without any basis as they believed that the sale rates would increase by Rs 7 per kg every year. This kind of behavior happened in 1994. Even when the average sales rate on this speculation was Rs 130 per kg, it declared that the selling price as per the valuation year 1994 95 was Rs 122 77 per kg and the trading account for the valuation increased this year. In 1994 95 was amended by CIT (A), which justified the announced sale rate of Rs 141 92 as the Assessing Officer adopted the selling price without any effort. The dismal rise in sales prices in the market position was unheard of registration advocate from Sakrand lawyer