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I.T.A. NO-251/K]3 OF 1999-2000 versus I.T.A. NO-251/K]3 OF 1999-2000

Income Tax Ordinance 1979 Sections 59 (1) and 65 Self Assessment Additional Assessment Diagnostics filed a return under the Self Assessment Scheme, claiming a profit rate of 932% and this assessment by applying a 15% GP rate by the department case. Has been finalized. Assissee did not estimate the amount of money raised in connection with the sale to the bank that the commission received from such sales was against the expenses incurred on such sales and, therefore, the revenue loss The sale was not announced by the appraisal officer and the first appellate authority was created to reduce the net profit rate by accepting the SC version instead of accepting the case under the self-assessment scheme. Was done while 9% and 15% declared by Assisi was GP. Due to the rate imposed by the department, the appellate authority had earlier given good reason to reduce the net profit rate by 5% and there was no interference. In an uncontested order, the CE was summoned to appeal the departments. registration advocate from Tando Mohd Khan lawyer