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MESSRS RENO PACKAGES (PVT.) LTD. versus INCOME TAX APPELLATE TRIBUNAL AND OTHERS

Section 111 of Sections 13 (1) (c), 62, 111, 116 and 136, under section 111 of the Income-tax Ordinance, 1979, appealed to the High Court's Assisting Officer to impose a fine on such person. Who was guilty of hiding his income or offering false details, bought some machinery which did not appear in the accounts statement for the relevant period, disclosure of the purchase of machinery by Assisi company is not a mistake of the details provided by it. The SCC fined the company and said that the Commissioner Income Tax Tribunal had upheld the order properly, however, Had adopted a soft attitude and said that exemption was a mistake which does not mean that the proceedings initiated by the Assessing Officer under Section 111 of the Income Tax Ordinance, 1979 were illegal and that the penalty was absolutely. Could not have been imposed if the tribunal had reduced the penalty in view of the O. Special facts and circumstances, could not maintain that the penalty must have been completely waived. when you need a advocate from Mohmand lawyer