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I.T.AS. NOS.1549/KB TO 1552/KB OF 2003, DECIDED ON 20TH MARCH, 2004. versus I.T.AS. NOS.1549/KB TO 1552/KB OF 2003, DECIDED ON 20TH MARCH, 2004.

ADDITIONAL ADDITIONAL ADDITIONAL INFORMATION ADVANCES ANNOUNCES PROFIT ON PROPERTY SALES In the nature of capital trading, the Assessing Officer has accepted the declared capital after taking into account all aspects of the increase, while passing the passing assessment order. Section 65 inv was invited. Tax Ordinance, 1979 on the basis that such income was taxable income as allegedly involved in the sale / purchase business of the property and this, in the evaluation officer's opinion, confirmed the adventure in the nature of the trade. The KCC order asserts that after exempting Section 65 of the Income Tax Ordinance 1979 and exempting receipts in the case of capital gains, there is a difference of opinion that is required under section 65 of the Income Tax Ordinance. The diagnosis was. Failure to diagnose under-diagnoses involves the law at a low rate, diagnostics and the discovery of a new fact that can be considered as accurate information. The review of the validity revealed all material facts without anonymity, and the diagnostic officer had consciously completed the task, accepting the proclamation of the declared capital after taking it all into account. The aspect of the First Appellate Authority's observation is that the proceedings of the Assessing Officer were not merely a matter of opinion and that in the past years the Assisi had been rightly taxed in view of the settlement of the plot. There was no qualification for re-review, emphasizing section 65 of the Income Tax Ordinance 1979, which was subsequently earned by the assessee of the same type of receipts. law firms from Phagwar lawyer