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I.T.A. NO. 1526/KB OF 2002, DECIDED ON 30TH JUNE, 2003. versus I.T.A. NO. 1526/KB OF 2002, DECIDED ON 30TH JUNE, 2003.

Sections 12 (9A), Second Schedule, Part IV, Cls 59 and 66 An income that is considered to be received or raised in Pakistan is exempted from certain provisions CBR: Letter No. F 12 (9A) ITP, 99, Date 8 6 2001 Taxation under section 12 (9A) of CBR Letter No. F Income Tax Ordinance, 1979 16 (2001) 16 (2001) IT / 99, 50 paid up capital based on legitimate profit. Worked on a reservoir of 10. For the purposes of Section 12 (9A) of the Income Tax Ordinance 1979, instead of a declaration of profits of the Assisi, 40% of the ses after tax profits was announced in its final form after tax. Not based on accounts and its assessed profits because after-tax profits refer to generally accepted and understood accounting audit principles and the inspected profits of the Income Tax Ordinance, 1979, which the examiner advised The Commissioner had the authority to investigate and verify the truth of the assessment order, arriving at after tax assessment of the assessment order under section 66A of the Income Tax Ordinance, under section 12 (9A) of the 1979 Income Tax Ordinance, 1979 Taxation was invalid They accounting, and after verifying the truth of the Income Tax Ordinance, 1979 after tax profit according to the audit principles and standards, various tax deductions claimed by assmysy to arrive at after-tax profit. patent advocate from Pindi gheb lawyer