I.T.A. NO.76/KB OF 2000-2001 versus I.T.A. NO.76/KB OF 2000-2001
Income Tax Ordinance 1979 Section 62 After reviewing the assessment of production of accounts, evidence, etc., after the Assessing Officer recorded that the sale and purchase of Assisi was in cash and not open for verification. Rejected version of the review was rejected. The officer did not identify any material defects or cited any parallel issues to justify the cancellation of the account and verification of its purchase was unnecessary because even if the accounting version was in the previous year If it was accepted for G: objection to the reduction in P, it should have taken more depth in the matter by comparing prices of Essex with raw material prices last year to create a negative pattern on a legitimate basis. That the reviewer of the argument suffered a setback. The context notice under section 62 of the Income Tax Ordinance on the Order Sheet was not compulsoried. But were for the record of the day's proceedings only and the issuing officer was obliged to issue notices under the law. Section 62 reviewer is likely to encounter errors or errors and, if so inclined, intends to reject and evaluate this version. The tribunal was directed to accept the conditionally announced cell and GP.
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