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I.T.AS. NOS. 1846/KB OF 2003 AND 49/KB OF 2004, DECIDED ON 13TH OCTOBER, 2004. versus I.T.AS. NOS. 1846/KB OF 2003 AND 49/KB OF 2004, DECIDED ON 13TH OCTOBER, 2004.

Section 143B, 80C, 50 (4) and First Schedule, Part I, Para CCC (I) (a) (ii) The statement assessing the receipt of certain asbestos contract, the Income Tax Assessing Officer found that the SC The receipts were quantities where they attract the delivery of Paragraph C (1) (a) (ii) of Part I of the First Schedule to the Income Tax Ordinance, 1979, which states that from Rs. 30 million The excess receipts are subject to tax deduction. Under Section 50 (4) of the Income Tax Ordinance, 1979, the Assessing Officer of 6 7 7 concluded that the assessee's tax liability on the gross receipts should be at the rate of 6%, while the tax rate was deducted. Was. With such receipts, Assisi claims that in the absence of any fixed amount of contracts or agreements or the total value of recipients exceeding 30 million, the rate of receipt exceeds 30 million, or The contract price was not specified. (ii) (a) (i) and (ii) Part I of the First Schedule was illegal. The Palette Authority was not justified in assuming that in the absence of a contract of over Rs 30 million, at the rate of 5 the. Receipts of up to Rs 30 million were to be received and where the rate exceeded Rs 30 million in the financial year, the valid value of 6 Val at an amount of more than Rs 30 million was silent on the amount of the current contract agreement. Was agreed on a wage rate per tonne for coal mining, and the extraction of coal was not specifically kept, it did not find any qualification because the assessment year. During yesterday's receipts have exceeded the cost of Rs 30 million and even if it had no idea before it is considered best advocate from Bahawalnagar lawyer