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I.T.A. NO.3084/LB OF 2001, DECIDED ON 26TH NOVEMBER, 2001. versus I.T.A. NO.3084/LB OF 2001, DECIDED ON 26TH NOVEMBER, 2001.


Income Tax Ordinance 1979 Sections 12 (18) and 65 Assessed Income Additional Assessment In addition to the authorized capital, the share deposit is received in advance of the replacement of section 12 (18) by the Finance Act, 1998, although there is more to it. Amount is allowed. The closing capital was later increased from the amount of the share deposit, considered as a loan and in addition to the amount, which was appropriated by the Appellate Authority before the Appellate Authority correctly maintained the facts and reasons for these reasons. The orders on the law were not sustainable. Under Section 65 of the Income Tax Ordinance, 1979, the legal review officer failed to exercise jurisdiction. That the diagnostic officer failed to reject / deny the objections raised by the appellant in response to the notice of cause. That the first appellate authority summarily dismissed the appellant's brief because the two grounds were virtually ignored. That the law-dependent officer of this case relied heavily on the two cases without comparing or drawing parallel and that the law of this case was pursued by the SC as reported in PTD 141 of 2002 Implementation was found.

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