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BEFORE SYED MASOOD UL HASSAN SHAH, JUDICIAL MEMBER AND MAHMOOD AHMAD MALIK, ACCOUNTANT MEMBER versus BEFORE SYED MASOOD UL HASSAN SHAH, JUDICIAL MEMBER AND MAHMOOD AHMAD MALIK, ACCOUNTANT MEMBER


Income Tax Ordinance 1979 Section 12 (18A) CBR Circular No. 14, 1992 Dated 1 7 1992 CBR Circular No. 10 1996, Dated Assessment Lane Assessment Year 1995 96 Issue 30 199 1994 Failed to repay the loan within five years. The loan was assessed as Assessment's median income for the year 1995, which was previously confirmed by the appellate authority's assertion that the section 12 (18A) clause did not apply to the issue of equity. Supplies. The legal status of the Income Tax Ordinance 1979 was not part of the law at the time of the formation of this assessment by the repealed / canceled Income Tax Ordinance 1979, which would be considered available and applicable. The appraisal, which was a matter of assessment year 1995 96a, and the Assisi failed to repay the above debt as the assessment of the law was not excluded, the assessment was to be compiled in accordance with the law. Was applicable to. The relief assessment year was no exception if the law was not evaluated within the time it was enforced because the proceedings could continue for a long time and then be finalized and by then the law would have had many Changes can come in such a position will create a situation. Complex situation If the law was applied at the time of the formation of the assessment, regardless of which law was in force during the year of the review, the order of the two authorities below confirmed the appeal tribunal. Was.

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