I.T.A. NO. 3713/LB OF 2003, DECIDED ON 10TH MARCH, 2006. versus I.T.A. NO. 3713/LB OF 2003, DECIDED ON 10TH MARCH, 2006.
Sections 111 and 116 of the Income Tax Ordinance 1979, 5 116, imposing a penalty after four years from the date of issuance of notice, no penalty shall be passed after the expiry of two years from the end of the financial year. The year in which such notice was accepted, under section 116 of the Income Tax Ordinance 1979, the notice was sent by the tax officer on 30 6 1998 but the section under Income Tax Ordinance 1979 was passed on 29 Order 296. After receiving the approval of the Inspecting Additional Commissioner, 2002, which was exactly four years after the notice was issued, the taxation officer was obliged to pass the order before the expiry of the financial year, two years before the expiry of such notice. Was granted and at the expiration of two years thereafter, they had no jurisdiction to pass the order that the Income Tax Ordinance , Order passed under Section 111 of the Appellate 1979 was canceled. The Tribune
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