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COMMISSIONER OF INCOME-TAX COMPANIES ZONE-1, LAHORE versus FAISAL ENTERPRISES (PVT.) LIMITED, LAHORE

Subject to taxation of the goods under section 50 (5), 62, 66A, 80C and 139 (2) section 80C, which is already taxed at the import stage under section 50 (5) of the Income Tax Ordinance 1979 Had encountered On the partial sale of imported oil in the open market, the second assessment officer applied section 80C of the ordinance to the oil, while imports imported by Assisi were taxed separately because in this order The issue to be considered is not reduced to the extent to which it is assessed. Commercial importer, but found that the appraisal officer had only taxed on the proceeds of the imports under section 80C and did not tax the supply of the part under section 80C of the ordinance, the Tribunal's position. It was held that under Section 50 (5) of the Ordinance, the tax-imposed goods would be considered to be the final exclusion of the duty on the basis of duty, therefore, the supply of such part under section 80C of the Ordinance. No tax will be imposed. The E-Tribunal agreed with two sets of misconduct and facts, as found by the Assessing Officer and the Reviewing Authority that such a question cannot be answered by the High Court. law websites from Besham lawyer