I.T.AS. NOS. 1650/KB AND 1651/KB OF 2002, DECIDED ON 27TH OCTOBER, 2005. versus I.T.AS. NOS. 1650/KB AND 1651/KB OF 2002, DECIDED ON 27TH OCTOBER, 2005.
The reasons for the reduction in gross profit rate were acknowledged in section 62 accounts production, evidence etc. But the reason was that the cost of selling was not justified. Not fully allowed to rule out a formalized commercial version was also required to serve notice under section 62 of the Income Tax Ordinance, 1979, giving the appropriate response to present a case for reduction of gross profit ? The rate and specification was accepted unless otherwise noted on entry to the Order Sheet, not related to it, the cancellation of the account or the signing of the Order Sheet by the Assissee on the proposed behavior. Cannot be taken as acceptance. Reasons for a reduction in the gross profit rate of the trade version when the reasons for the reduction in profit were accepted and the costs were paid separately, no reason to apply the profit margin to increase the trading account. There was no remaining because it was observed that the costs could not be verified as the gross profit rate hike was canceled by the Appellate Tribunal.
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