TANZEB TEXTILE INDUSTRIES, FAISALABAD versus C.I.T., FAISALABAD ZONE, FAISALABAD
Income Tax Ordinance 1979 Section 136 Central Excise Act (1 of 1944), Section 3 (4) Section R No. 15152 (I) / 74, Dated 20 12 1974 Section R No. 1553 (I) / 74, Dated 20 12 1974 Central Excise Assessment of excise duty charge and duty determination based on productive capacity 3 of 1974 General Order No. Assisi asserted that excise duty paid on the basis of capacity and was received on the basis of profit and loss. The Assessing Officer was not pleased 'and in previous years, the amount of excise duty was taken as an item of trading and manufacturing account before the Appellate Authority applied Accepted, but the Tribunal concluded that for all practical purposes the capability-based excise duty was a type that would have been applied to the actual production-based revenue, so it was a matter of manufacturing and trading. There was no change in the non-refundable validation excise duty for the account except that only the method of revenue calculation was changed from yard badge to machinery capacity. According to the details, on the basis of the calculation of excise duty in Circular No. 2 of 1974, it was clear that disallowing the exemption due to the shutdown of the machinery during one month would not change the nature of the revenue itself. Profit and loss will be taken into account. And after the loss and expense was incurred in connection with manufacturing trading, where any machinery or installed machinery in a factory at the relevant time was closed for a period of a year or period of time, fixed Levy payments only for this period
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