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FIVE STAR TEXTILE INDUSTRIES (PVT.) LTD., FAISALABAD versus SECRETARY, REVENUE DIVISION, ISLAMABAD

Sections 59 (1) and 80 CCCR Circular No. 7, 15 6 of 2002 [Self Assessment Scheme], paragraph 9 (a) (ii) CBR Letter C No. 7 (7) / Section A.S. T / 2002 dated 17 12 2002 CBR Department of the Federal Tax Ombudsman Ordinance (XXXV of 2000), Circular No. 20 of 1992, Section 2 (3) Regional Commissioner of Income Tax in addition to Cell Assessment. The case for the total audit was set. Total taxable income was not claimed under various head accounts according to local processing and exports ratio for accurate data and second scrap / vacancy sales were included in export earnings. , While the same should have been included in local income, separate accounts were maintained for the export business and local processing, the corresponding expenditure under different heads of each segment was derived from the respective account, ie exports. Or a local sales account was confirmed. If practicing chartered accountants and the financial statements are reflected separately from both parts [export or local], there was no overlapping or mixing of exports and local business expenses, and the costs associated with each account were charged separately. Which had the principles of scrutiny. Expenses for export and local business do not apply to local sales of goods as well as wasted goods, which does not exceed 20% of such production, can also be considered as export sales. If the Assisi chooses to pay the tax at the applicable rate. For export sale under section 80cc of the Income Tax Ordinance, 1979, m top civil advocates from Sanghar lawyer