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COMMISSIONER OF INCOME TAX, CENTRAL ZONE-A, KARACHI versus MESSRS CASH & CARRY SUPER MARKET LTD., KARACHI

Section 136 (1) Reference to the gross profit rate consistency Assessee was a retail department store that deals in countless goods The Income Tax Appellate Tribunal accepted the gross profit of this assessment, although due to this quantitative analysis Was not sustained, it was not possible. In order to maintain a record of the quantity purchased and sold through a retail store that trades in countless goods, the gross profit was accepted in the last two reviews, and the authorities appointed by the Income Tax Appellate Tribunal The reasons for the High Court justification were inconceivable and in view of not filing a reference petition against the order from previous years, the department had accepted the order of the Tribunal High Court keeping in view the past history of the case. The answer to the question I answered was accepted in the circumstances. property advocate from Talhur lawyer