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ACCORD TEXTILE MILLS (PVT.) LTD. versus DEPUTY COMMISSIONER OF INCOME TAX

Sections 12 (18), 62 and 136 Earnings Estimates From the High Court of Appeal / Company Accounts Books have revealed that a Director of the Company has applied for cash loans for purchase of car notices under Section 62 of the Income Tax Ordinance. Had presented. In 1979, the notices were issued in response to unsatisfactory, saying that the amount of cash debt as a company's income was estimated under section 12 (18) of the Income Tax Ordinance, 1979 of the Appellant / Assisi. The matter was that the car was purchased and no credible evidence of the director was presented in this regard, stating that the SC's application was rejected. The alternative petition stated that the director of the company had given the company Rs 2200 million in ownership and said that the car had been transferred as part payment. He said that no evidence was offered in support of the aforementioned debt dispute, the petition was rejected. The appellant was trying to resurrect a factual dispute that was not possible under the jurisdiction of the HC. Our best advocate from Astore lawyer