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I. T. A. NOS. 1974/LB OF 1992-93, DECIDED ON 20TH MAY, 1997. versus I. T. A. NOS. 1974/LB OF 1992-93, DECIDED ON 20TH MAY, 1997.

Third Schedule, CL7 (C) Finance Act of 1991 (XII of 1991) 92 92 Settlement of assets and consequent loss or loss of capital is born of the same asset, ie sale of cars before 30 car 1991 Was taxed. The amendment applied to CL 7 (c) of the Third Schedule of the Income Tax Ordinance, 1979 by the Finance Act, 1991, cannot be obtained by the Department's argument on a fully valid transaction prior to the amendment, before the Finance Act Be related to the accounting year. Provenance created a charge that was not present at the completion of the transaction and thus could not be applied, which was done for the estimation year in 1991, was deleted by the Appellate Tribunal. famous supreme court advocate from Washuk lawyer