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I.T.A. NO.26/KB OF 1999-2000 versus I.T.A. NO.26/KB OF 1999-2000

Income Tax Ordinance 1979 Sections 80C (2) (i) and (ii), 50 (4) and (5) and Second Schedule, Part IV, CL (9B) Circular No. 1996 of CBR, Dated 16 7 1996 was a public limited company reviewing the import and logistics deduction of taxpayers and importers on tax revenue and was engaged in the manufacture and sale of man-made fiber yams, imported for man-made fiber for commercial purposes. Also evaluated the raw material. As soon as the trade item is imported in the nature of a trade under section 50 (5), the sexting officer receives tax on such import, and under section 50 (4) of section 80C with section 80C of the Income Tax Ordinance 1979 Also taxed on the supply of such goods. On the basis that Assissee had not filed any option under Section IV (9B) of the Second Schedule to the Income Tax Ordinance 1979, the tax government had earlier sought exemption. Once the tax was paid at the import stage, the tax liability was finally discharged, the Department arguing that since the property did not enter into a rational option for the common law assessment with total income tax return, the Income Tax Ordinance Both sections 50 (4) and (5) were obliged to pay taxes. , Part IV of the Second Schedule to the Income Tax Ordinance, 1979 (9B) of 1979 was fully effective with the result that Section 80C of the Income Tax Ordinance 1979 had the right to govern the SCCC Was. Once an alien has paid the tax at the import stage, he acquires a right according to a required taxation tax scheme, and will not receive any compensation under the Income Tax Ordinance. list of advocates from Bhara Kahu lawyer