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MESSRS PAKISTAN PAPER PRODUCTS LTD. versus COMMISSIONER OF INCOME TAX

References to sections 136 (2) and R7 (b) (I) of the Third Schedule Registration Act (XVI of 1908), sections 17 and 49 refer to the restoration of the fact that the dispute disputed the sale of the slip cell unregistered agreement to sell Exemption claimed for the reason. Income tax authorities have refused to grant any waiver on the basis that Assisi relied on an unregistered contract to sell the legitimate sale, at best, both documents could be kept for consideration. There could be no final sale transaction. To be accepted on the basis of such agreements, the premises should be adjusted to avoid the payment of income tax on this premises, under section 17, read with section 49 of the Registration Act, 1908, without any right, title or The execution of interest can not be said in favor of any vendor. The n-assets of the process registered in connection with the immovable property that is part of such transaction, by recording the results of the Income Tax Appellate Tribunal through the High Court Income Tax Appellate Tribunal, agree that no one in favor of the SC The deed was not sold, which was in fact not significant for the opinion of the High Court under section 136. (2) The reference to the Income Tax Ordinance, 1979 was rejected. online advocate from Naseerabad lawyer