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COMMISSIONER INCOME TAX AND WEALTH TAX, GUJRANWALA ZONE, GUJRANWALA versus MESSRS ASIF INDUSTRIES, ALIPUR CHATTA, WAZIRABAD


Sections 32 and 136 Income Tax Rules, 1982, R 216 (3) (a) The method of accounting appealed to the High Court was the effect of the judgment of the High Court on the calculation of the export profit and the tax associated with the export. Not the facts and circumstances of the case, the Tribunal was justified in directing that the CIF's sales proceeds be taken into account at the time of the inquiry and whether, despite the provisions of section 32 (3). The tribunal was justified in giving the above instructions for adoption of the CIF sale. ), Income Tax Ordinance, 1979 and Income Tax Rules, 1982, R 216 (3) When the commercial results were rejected by the Assigning Officer, no question was raised about the law which led to the facts and circumstances of the case. Will be born Feedback is required by the High Court

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