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I.T.A. NO.7036/KB OF 1992-93 versus I.T.A. NO.7036/KB OF 1992-93


Income Tax Ordinance 1979 Section 79 Customs Act (IV of 1969), Section 25 (4) (5) Earnings from transactions with non-residents Trading account on account of difference in the sales rate declared by the Export Trading Account Addition Officer And the customs authorities for the assessment of export duty authorized by the First Appellate Authority Assisi that the receipts received can be verified and assessed under Section 25, Customs Act, 1969. Was made on the basis, not Section 25, the Act on the original price for the application of customs, 1969 was that the seller and the buyer One can be considered to be affiliated with the business and so to determine the amount of the profits, the standard under section 79, Income Tax Ordinance, 1979, which the resident will get but, in his financial transaction between them Reasons for making or imposing conditions which are different from the waiver are not exempt from sticks; no appeal was filed by the customs authorities against the price, and the affected order was affirmed and the tribunal dismissed the appeal.

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