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I.T.AS. NOS. 24/KB, 96/KB, 2052/KB AND 2053/KB OF 2000-2001, DECIDED ON 30TH APRIL, 2002. versus I.T.AS. NOS. 24/KB, 96/KB, 2052/KB AND 2053/KB OF 2000-2001, DECIDED ON 30TH APRIL, 2002.

Income Tax Ordinance 1979 Section 27 Capital Guinea In the form of hereditary agricultural plots, the sale of such land by the Taxability Assessment converted the inherited agricultural land to Sakni and "no objection certificate" was obtained from the Development Authority. The sale of plots, such as open market housing schemes distributed in numbers, was allowed by the relevant development authority on the basis that profits on the sale of such agricultural land were declared as gross profit, with the exception of income tax. That a single transaction of land cannot be cured. Activity in the nature of trade or business which the Assessing Officer did not accept and the nature of the business was treated as income The first appellate authority affirmed that agricultural land was owned by the government in the lower lands. Was changed and later no object certificate. Obtained from the relevant development authority for sale of plots to the common people, Assisi also declared himself as a builder or developer. Such facts made it clear that Assisi was a builder or a developer and could land the land. I had changed and all these matters were the acquisition of the NOC, clearly of the transaction which clearly made it clear that the SC was intended. The builder or developer's business and the scheme was formally approved by the government through the transaction as being an adventure of the nature of the trade. inheritance advocates near Sialkot lawyer