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I.T.A. NO.840/KB/DB OF 2000-01, DECIDED ON 14TH NOVEMBER, 2001. versus I.T.A. NO.840/KB/DB OF 2000-01, DECIDED ON 14TH NOVEMBER, 2001.


Income Tax Ordinance 1979 Section 111 Penalties for concealment of income etc.: Reinstatement of accounts on male state-owned securities Declaration of interest on public securities Based on cash declaration officer stated that interest on public securities was lower than that of work. not enough. Based on the claim of tax deduction under section 50 (2) of the Income Tax Ordinance, in 1979 the error was corrected and the revised return was submitted. Inaccurate details of income were introduced in the original return and penalties were announced on interest on government securities on a cash basis. Was taking different approaches. He said that there is no intention of misrepresenting the head-trading system and therefore possibly on a cash basis. It was unreasonable to set up Mainz Ray. The penalty imposed by the tribunal was dropped.

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