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I.T.ASNOS. 6274/LB AND 6275/LB OF 1998, DECIDED ON 27TH SEPTEMBER, 2002. versus I.T.ASNOS. 6274/LB AND 6275/LB OF 1998, DECIDED ON 27TH SEPTEMBER, 2002.

Second Schedule, Part IV, CL (9), Sections 80C, 62, 55 (1) and 59A Section RA 829 (I) / 91, dated 24 8 1491 CBR Circular C No. 1 (155) / DPT 11/94, dated 28 5 1996 Estimation of Exemption from Specific Provisions Under the Declaration of Option to Exit the Potential Tax System along with the late return of income tax return for the year 1991 92 27 6 1992 The declaration was not filed with the return filed under section 55 (1). ) The 1979 assessment of the Income Tax Ordinance was finalized under the final tax regime. Assisi claimed that the issue of option was issued on 28 8 1991, which was after the filing of the return of income for the year 1991 92 and the option was filed. For the years after 92 years 1991, 92 was also good and it was permissible under the common law to review the matter as prevailing under Part IV of Sec (9) of the Second Schedule of the Income Tax Ordinance. Exit tax system. , 1979 was only available to the assessee under section 55 (1) of the Income Tax Ordinance 1979 as per the time of filing of income, ie in cases where the calendar year was the year of income, from 1991 to the Central Board of Revenue. The condolences made it clear that only those assets / manufacturers that filed the income tax return under section 55 (1) of the Income Tax Ordinance 1979, 31 199 1991, with the return declared in the year 1991, were likely The option to exit the tax government was also filed. The Central Board of Revenue cannot apply in the case of the SC because the SCCC did not admit that it had submitted the income tax return until 31st 1991, and later provided the Part IV of the Second Schedule to the Income Tax. top civil advocates from Kotla lawyer