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I.T.A. NO. 1633/KB OF 1997-98, DECIDED ON 20TH MAY, 1998. versus I.T.A. NO. 1633/KB OF 1997-98, DECIDED ON 20TH MAY, 1998.

The Second Schedule to Income Tax Ordinance 1979 Section 13 (a) and 66 Income Tax Ordinance 1979, the removable investment waiver claimed on the cash of 1979 FEBC, was completed under section 62, the FBC's The account claiming exemption was accepted by the Assessing Officer. Rejecting the provisions contained in section 66A and no exemption was allowed under Schedule C (171) of the Second Schedule, the Assigning Officer was instructed to make a fresh assessment on the matter before the Tribunal appeals before the appeal. Be excluded and an order issued under section 66. The A's were held that the Assessing Officer specifically dealt with the issue on the point that the waiver sought was not available in the law and it sought to explain why section 13 (1) (A). Total income cannot be increased under. The response to the source of investment at FEBC explained that FEBC was purchased through foreign remittances which was received through normalized banking channels and evidence about mitigation remittances was also presented. The Assessing Officer did not accept the Assessment's arguments because the same evidence was presented to the CIT (A) and the Income Tax Appellate Tribunal during the appeal against the order. Section 66A, but this dispute was not accepted and further enhancement was confirmed under Section 13 (1) (AA), which was confirmed by the CIT (A) on this basis. Appealing to the Tribunal Held again, this did not mean denying the exemption claimed by an Assisi. Under section 13 of the Income Tax Ordinance, 1979, the incorporation of IPS into reality lawer from fb area from North Wazirstan lawyer