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W.T.A. NO. 1272/LB OF 1996, DECIDED ON 16TH AUGUST, 2002. versus W.T.A. NO. 1272/LB OF 1996, DECIDED ON 16TH AUGUST, 2002.


Section 17B & 5 (1) (xv) Protection of Economic Reforms Act (XII of 1992), Section 5 Finance Act (I of 1995) Income Tax Ordinance (XXI of 1979), Second Schedule, Part IV, CL (6A) ) Section RO 220 (I) / 91, Circular No. 32 of 33 1991 and 33 of 33 State Bank of Pakistan (Foreign Bank Account Scheme of the State Bank of Pakistan) assessing foreign remittances with the exception of the Wealth Tax Officer. In addition to the mistake made by the Assessing Officer of the Additional Commissioner's inspection authority, the tax interest was also prejudiced because foreign remittances could not be traced before the amnesty allowed and It cannot be confirmed who sent remittances ie the remittances have to be submitted. In the name of remittances, the bank of Assisi did not have enough scope to allow remittance tax deductions. The holder was under no legal obligation to disclose the names of the illegal transmitters. Currency section 5 (1) (xv) of the Wealth Tax Act, 1963, provided that the assets brought or shipped are covered by the exemption clause The Legislature has used the word "brought" with the word rejected. Discrimination arises not only when the currency is transmitted by someone else that it is covered under the exemption clause but also the foreign currency is section 5 (1) of the Income Tax Act, 1963, brought to Pakistan. (xv), in which the exemption may also be exempt. From time to time by the Government Economic Other laws implemented under Section 5 of the Economic Reform Act, 1992 were also very relevant in that it provided that \ Pakistan

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