I.T.A. NO. 1422/LB OF 2005, DECIDED ON 12TH MAY, 2007. versus I.T.A. NO. 1422/LB OF 2005, DECIDED ON 12TH MAY, 2007.
Section 59 (1) CBR Circular No. 18, 1999 dated 11th 1999, paragraphs 2 and 6 Self Assessment Assessment, being a new taxpayer, was required to declare income, minimize the working capital 30% of the declared capital was found at Rs 750,000. The soap and silicate capital in the manufacturing unit was estimated at Rs 25,00,000 and the matter was processed under common law. The entire building for the removal of the property back from the scheme was constructed in a completely arbitrary manner. And the colorful assumption that the investment in the business was in the amount of Rs. 25,000,000 was not a proof of evidence - either the Regional Commissioner of Income Tax was brought to the Income Tax Notice which could be concluded. Is. It has been observed by the Deputy Commissioner of the current Income Tax that it is a manufacturing unit for the soap and silicate capital. The business can be marked at Rs 25,00,000 which was investigated by the assessee who was investigating someone who had to hide or steal the revenue to ensure such an observation. To go through a trial otherwise it will not be considered more than. Statement \ Neither the decision of the Regional Commissioner of Income Tax nor by the Deputy Commissioner of Income Tax, the reasons presented for processing the income tax return under the common law, is a complete refund of the income of the assessee. Is. Eligible to be accepted under the Scheme, the Sailing Officer has been instructed to accept the income declared by the Assisi \ r \ n \ r \ n
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