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I.T.A. NO.2336/LB OF 2001, DECIDED ON 29TH SEPTEMBER, 2001. versus I.T.A. NO.2336/LB OF 2001, DECIDED ON 29TH SEPTEMBER, 2001.

Income Tax Ordinance 1979 Sections 12 (9A), 66A, (59) and Second Schedule, Part I, CL (176) CBR Letter No. F / 12 / (9A) / ITP / 99, 16 16 2001 The Assisi / Company Declaration of 2001 The profit received after producing the deduction of the value of the investment in the shares, which the Assessing Officer inspected was commissioned by the Additional Commissioner. Was included in the valuation and was taxed on more than 50% of the paid up deposits. Under section 12 (9A) of the Income Tax Ordinance, 1979, the capital states that the deduction provisions in the IAC investment cost are not justified because the value of the same value decreases according to international accounting standards. Acquisition of shares was not severe which only appeared for 1999 the loss for which it was provided was not original but a hypothetical loss only to reduce the profit to avoid receiving proper tax under section 12 (9A). Was created for The Tribunal upheld the order to inspect the Additional Commissioner of Income Tax Ordinance, 1979, as per the law. immigration advocates contact from Shedani sharif lawyer