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I.T.A. NO. 1873/LB OF 2001, DECIDED ON 28TH MARCH, 2003. versus I.T.A. NO. 1873/LB OF 2001, DECIDED ON 28TH MARCH, 2003.

Sections 52 and 50 (4), Second Schedule, Part IV, CL (33) Tax Amnesty Scheme, 2000 Tax Amnesty Scheme Through the declaration of stock, the person failing to pay the tax deduction and payment in the capital of a registered firm Liability was increased, just four days before the end of the financial year, the Assessing Officer considered the Assisi as default on the basis that the Assisi's business capital in the Assessment Year was Rs. Increased and was legally entitled to a tax deduction under section 50 (4) of the Income Tax Ordinance, 1979, upon his purchase. Services account inclusion of stocks in firms at the end of the year, income is a measure which has not had asset position. In the present case, strange and unusual circumstances arose which led to the raising of capital in the book, by the end of the fourth part of Schedule IV (()) of the second day of the year in the books of account. Four days ago, he would not be attracted to the facts of the Income Tax Ordinance, 1979, as it fully presents the clause and its proponents for various situations that were not presently present for the simple reason that ordinary business There was never any increase in capital for the business. Department appeals dismissed property advocate from Sarai Alamgir lawyer