I.T.A. NO.3958/LB OF 2004, DECIDED ON 12TH AUGUST, 2005. versus I.T.A. NO.3958/LB OF 2004, DECIDED ON 12TH AUGUST, 2005.
Amendment of Section 122 Income Tax Ordinance (1979 of XXXI), Section 12 (18) of Section RO No. 633 (I) / 2002 dated 19 9 2002 under Section 122 of Income Tax Ordinance 2001, with the help of Section 12 on 21 1 2004. Done. (18) Terming the share deposit amount of the Income Tax Ordinance, 1979 as a loan, the High Court observed that Section RO No. 633 (I) / 2002 dated 19 9 2002 was not a valid and legal document and its There were no results. It was announced that the Department could not repeal the provisions of Section 122 of the Income Tax Ordinance, the order passed by the 2001 Assessment Officer was canceled and the Assessment was finalized under section 62 of the Income Tax Ordinance 1979, Which was restored by the appellate tribunal.
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