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I.T.AS. NOS. 498/KB TO 501/KB OF 2002, DECIDED ON 5TH MAY, 2003. versus I.T.AS. NOS. 498/KB TO 501/KB OF 2002, DECIDED ON 5TH MAY, 2003.

Section 65, 59 (1), 50 (7d), 80b and 143b Additional review of change of opinion The interest income was declared under the tax regime by paying with returns under section 55 of the Income Tax Ordinance, 1979 The assessment was completed under section 59 (1). ) Re-review of Income Tax Ordinance, 1979 Where the assessment was completed under section 59 (1) of the Income Tax Ordinance 1979, there was no opportunity with the Assessing Officer to give any opinion on the issue. Whether or not the interest income was justifiably receivable under Section 80B of the Income Tax Ordinance 1979, even if it is assumed that the Assessment has provided for Section 80B (1) of the Income Tax Ordinance 1979 Interest was incorrectly declared interest. , And the Assessing Officer accepted so, then the provisions of Section 65 of the Income Tax Ordinance 1979 will apply because the Assigning Officer was forced to believe that was not correct. Where the amount of interest receivable was accepted under section 80B of the Income Tax Ordinance 1979, without any inquiry, the acceptance was factually incorrect on the basis of the record as the interest amount received was not such amount as the section. Is reported in 80 b. Since the Income Tax Ordinance 1979, neither could be deducted or deducted under Section 50 (7D) of the Income Tax Ordinance 1979 and by the payment of cash, and the desire to submit a statement under Section 143B of the Income Tax. Was actually deducted. Ordinance, 1979, Assissee directs the Assessing Officer to arrive at a skewed opinion and yet the provisions of section 65 of the Income Tax Ordinance 1979 will be legally attracted. registration advocate from Bewal lawyer