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I.T.A. NO.4981/LB OF 2004, DECIDED ON 30TH AUGUST, 2005. versus I.T.A. NO.4981/LB OF 2004, DECIDED ON 30TH AUGUST, 2005.

Claims for a reduction in the gross profit rate of the accounts 62, production of evidence, evidence etc. have been assessed on the claim that the order of exhibit which was not mentioned in the showcase notice was illegal. The notice was issued under section Section Income Tax Ordinance, 1979 indicating no reduction in gross profit rate nor various application issued notification regarding application of gross profit rate of 8 of. Such as validating the various costs of debit to the profit and loss account, such as change in sales rate, sales rate The change was not exposed to lower yields as well as lower overall profit rates, but did not show any deficiencies in the debit expenses of the trading account, though the costs incurred on profit and loss. Are given. The account was contested by Essex, which did not face a loss of gross profit margin, was debited to defective ense trading account at XP and the sale was accepted, against a gross profit rate of 8%. The application of gross profit of 8 of which was not justified, the order of the first appellate authority directing the acceptance of the commercial results was justified and there was no appellate tribunal intervention. ask a advocate free from Hayatabad lawyer