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BEFORE MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER AND MRS. SAFIA CHAUDHRY, ACCOUNTANT MEMBER versus BEFORE MUHAMMAD TAUQIR AFZAL MALIK, JUDICIAL MEMBER AND MRS. SAFIA CHAUDHRY, ACCOUNTANT MEMBER

Income Tax Ordinance 1979 Sections 66A, 15, 24, 62 and Second Schedule, CL (116) Additional Commissioner's Inspection Powers to Amend the Deputy Commissioner's Order Examining the Disapproval of Proportional Expenses Against Income Was a company that had revenue from various sources. Claims for exempt income from capital gains from the sale of shares of reference companies were expended by the inspecting additional commissioner on the basis that the total expenditure should be deducted for exclusionary income. To obtain the benefit of waiver on gross capital receipts whereas this benefit was applicable only to the assessee, to the extent of obtaining net capital under the law, the appraisal officer had to pay the expenditure on separate counts of net income under both heads. Should be done after giving permission. Such income, but it erroneously assessed small capital gains as a result of loss of income, rather than net profit, which resulted in the wrongful and unfair interest of the test, as amended by the Tribunal. immigration advocate from Gujrat lawyer