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CRESCENT ART FABRICS (PVT.) LTD., LAHORE versus COMMISSIONER OF INCOME-TAX, COMPANIES, LAHORE


Income Tax Ordinance 1979 Section 13 (l) (d) The Damned Income Directors of the Assessing Company transferred the value to the Company at a price and it was clear that they would have an allotment of the share of the cost by the Assisi Company. Had never started a business until then. Nor did any of the underground sale price be paid, though the result was a demand for a parity allotment, and the tax agreed that the valuation of the property was not binding on the Assisting Officer, However, completely lost sight of the fact that under section 13 (1) (d), the Income Tax Ordinance, 1979 clause can be increased when the assessee has made any investment or such year. In relation to any valuable owner of the property can be found. The amount of money spent on the article and such investment exceeds the amount listed in the account by the Assisi Tribunal under its directors. The directors requested this estimate in which the land was sold at prices. Confirming the increase under section 13 (1) (d) of the Ordinance because of a reduction in the cost of purchasing the land

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