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I.T.AS. NOS.910/LB OF 2003, 203/LB OF 2001 AND 2536/LB OF 2003 DECIDED ON 21ST SEPTEMBER, 2004. versus I.T.AS. NOS.910/LB OF 2003, 203/LB OF 2001 AND 2536/LB OF 2003 DECIDED ON 21ST SEPTEMBER, 2004.

A detailed notice was issued to the assessee under section 62 of the Income Tax Ordinance, 1979, on the basis of local inquiries, assessment of section 62 accounts etc. Was done on various matters. For reasons, the announced version was rejected and sales estimated, while various costs claimed in the Profit and Loss account were reduced. There was also a round up in the diagnostic order that he was going to produce spare parts for the tractors that were provided. The tractor companies and the Pak Army were fully accredited and accepted in the past. Subject to sales tax deduction. The overall rate of profit is the highest in relation to business. The objections to objections were not objected to, which is equivalent to accepting the explanation, and it was objected that the said stock or sale and the difference between bank deposits, loan data etc. were presented. Regarding the explanation given, such an increase should be excluded The review was forced to look at the environmental conditions and past history under which the round increase and the addition of `sales exemption were excluded. And the Tribunal was directed to accept the sales / GP rate announced by the Assessment for all valuations. Appeal under the year \ r \ n law firms from Sanjwal lawyer