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I.T.A. NO.2956/LB OF 2001, DECIDED ON 27TH AUGUST, 2002. versus I.T.A. NO.2956/LB OF 2001, DECIDED ON 27TH AUGUST, 2002.

Income Tax Ordinance 1979 Section 66A & 13 (1) Additional Commissioner's Inspection Powers Review the Deputy Commissioner's Order Amendment Jurisdiction, Individual Differences Between Members' Initial Account of Members of the Association of Persons and Practices to Open Cash Balance In addition to the individual accounts of the members, the additional commissioner of inspection exercised this modification jurisdiction on the basis that the Association of Persons paid Rs. 72,33,855 between the Member's Opening Capital Account and the open cash balance of the Member Association. The amount is assigned to. Members' Individual Account which contains the collective amount available for use by the Association members with the individual members of the Association but is not declared in the larger account of the Association members and the unclear investment income mentioned above. The Ordinance, 1979, and the Assessing Officer failed to take proper notice of it under Section 13 (1) of the Tax O, the loss of income was patent and this assessment made false assumptions if the individual members had invested in the association. I was about to increase, so it was announced in that. In their Association of Persons their capital accounts will then be required to either increase the hereditary capital contribution to the Association of Individuals and / or advance the Association of Persons through debt to any of the respective members' capital balances. The increase was not made. The Association of Persons was never traded on behalf of individuals and through loans from any members, individual members of the Association did not do any work which was paid by them in the Association. list of advocates from Sheikhupura lawyer