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I.T.A. NO. 5036/LB OF 1995, DECIDED ON 8TH MAY, 2002. versus I.T.A. NO. 5036/LB OF 1995, DECIDED ON 8TH MAY, 2002.


Section 12 (18A) Income Tax Ordinance, 1979 Section 12 (18A) Review 1993 In the year of the review In 1993, the loan is considered to be acquired and originated by the Loan Loan in Pakistan on 1987, 1987. The loan appeared. It is clear that only a debt that was not paid within five years of the payment in which it was received or before 30 days of June 1994, whichever was later, was considered as income from the Assessment Assessment Order. This statement may be published in the statement of the assessee's assets for the first time on 30 as 6 1987 when the period from the end of the year to the five years in which the loan was taken was 30 6 1992 to 30 6 1994 later, This asset was allowed to repay a loan until 30 199 1994, which meant that proceedings could be taken against the SC under section 12 (18A), Income Tax Ordinance, 1979, when 30 199 1994. Assisi fails to repay this loan, if not at all justified by the facts. In these circumstances, the assessment year can be taken in 1994 95 and not in the estimated year in 1993. 94 Therefore, the diagnostic officer in 1993 94. Could not process against diagnostic year

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