COMMISSIONER OF WEALTH TAX versus DR. SYED IMTIAZ ALI
Sections 2 (5) (16), 3 and 7 Wealth Tax Rules, 1963, R8 (3) Circular No. 7 of 1994 Dated 10 1994 1994 Circular No. 114 of 1994 CBR Building History Deployment Form The value of such property is not in the form of a consolidated unit, but in two parts, namely, its built up part and the \ part of the land, separately CBR 199 History of Circular No. 7 of 1994, 10 7 1994 On the basis of Circular No. 11 of 1994 and 1994, the word 'Asset \' of Property 177 1994 as stated in Section 2 (5) of the Wealth Tax Act, 1963, shall include such property, which is for diagnostic purposes. Will be taken as a comprehensive unit for The general market value of such property cannot be determined. The basis of this land and the structured building will be determined on the basis of its annual rental value, and an open plot based on its value, resulting in the Collector's Circular of the Central Board of Revenue. Did not control its meaning. Both an Act or a rule made thereunder cannot be a circular release, emphasizing a breach of the R8 (3) provisions of the Wealth Tax Act 1963 and the Wealth Tax Rules 1963, the High Court assessed in the circumstances. Rejected unclean order of officer \ r \ n
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