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I.T.AS. NOS.693/I8 AND 694/18 OF 1999-2000 versus I.T.AS. NOS.693/I8 AND 694/18 OF 1999-2000

Income Tax Ordinance 1979 Sections 156, 35 and 30 Error Correction Proceeds from Other Losses Proceeds of Interest Interest Income Business Losses Advance to Business Income Audit Authorities Against Interested Income Saying that he was not entitled to review it. To prevent interest income against forward-looking business losses, the Assessing Officer corrected his order under section 156 of the Income Tax Ordinance 1979 and obtained the interest related income from other sources under section 30 of the Income Tax Ordinance 1979. Earnings revenue was calculated under the. According to section 35 of the Income Tax Ordinance 1979, the source of business income should be the same, so that interest income is adjustable against forward-looking losses and no arguable point of law can be amended. The first appellate authority of 1979, under section 1 56 of the Income Tax Ordinance, made its correction based on the observation of the Citation Audit Authorities, not independently of the use of the mind and Section 156 of the Income Tax Ordinance 1979 Such an order was not maintainable as it represents a change of opinion and that the two activities were not the nature of the two lines of business order under section 156 of the Income Tax Ordinance, 1979, by the officer assessing it. The SC could not be separated by a simple reading of the earlier Appellate Authority and the deciding test was unity or control. ? Section 35 of the Income Tax Ordinance, 1979, shows that advancing business losses was contrary to the profit and profit of a single business or profession and not against any other part of the income. family advocate from Chiniot lawyer