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ZAMAN PAPER AND BOARD MILLS versus TAXATION OFFICER, CIRCLE-12, COMPANY ZONE, LAHORE

Section 12 (18) Re-evaluating the purchase of land for the Company by its Director, paying its costs directly to the seller from his own resources as a loan in the first balance sheet and revised balance sheet. As shown by its director, the company has presented the amount of the share deposit to the company. Rejecting Revised Balance Sheet and Increasing Income Based on First Balance Sheet Valid: There is no legal restriction in reviewing returns before the completion of legal proceedings. Can be corrected The balance sheet was an integral and important part of the return filed by this valuation The disputed money was never reached the company's treasury because the disputed amount was paid directly to the seller of the land because the first The balance sheet did not issue a non-bailable error in favor of such director Share Capital cannot be ruled out at all in the pending phase because it was allegedly released prior to share capital before the review, testing the company's intent on touchstones to maximize revenue collection. Cannot be Implied Treatment offered by the Assessing Officer to the Company was ill, which was why the balance sheet was revised earlier. Incorrectly rejected top civil advocates from Liaquat Pur lawyer