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I.T.A. NO.2761/LB OF 1992-93, DECIDED ON 1ST FEBRUARY, 1997. versus I.T.A. NO.2761/LB OF 1992-93, DECIDED ON 1ST FEBRUARY, 1997.

Income Tax Ordinance 1979 Section 29 (3) (b) and Third Schedule, R8 (5) Assessing Revenue Assessment Fair Market Value The sale of defaulted assets was rejected by this Value Assigning Officer, with approval Was. No instance of IAC was cited, nor was any reason provided with the help of any evidence that was intended to determine terminal profitability, according to the law of increasing the value of assets. And, as such, is responsible for the deletion of section 29 (3). The definition of fair market value contained in section 29 (3) of the Ordinance provides a mechanism for determining fair market value. The definition is clearly distinguished from two stages built in. The second step is implemented at the same time. Discretion is available for DCIT when the first procedure does not. Fair market value is only valid when the value of assets in the open market cannot be determined us immigration advocates from Jatoi lawyer