versus
Section 62 Assessments, evidence, etc. about the production of accounts. With the disappearance of the floor mill sales, Assisi filed detailed documents about the version announced, which was rectified in the order, all required documents were submitted in response to the notice under section 62 of the Income Tax Ordinance 1979 but In the closing paragraph, the tax official observed that \ ar did not furnish books of accounts on this request which were not properly maintained. Moreover, no evidence was provided regarding the claimed expenses other than electricity bills, and the salaries paid to the employees were not mentioned anywhere except the documents in which they were acknowledging and Assisi was offered the price, he asked the additional asset holder to offer more. Documents and the announced version were rejected, for the year 2001 02, the assessment was made on the basis of the inspector's report, which stated that the factory had only worked for three months, but the taxation officer announced the version Was rejected. With no justification, there was a substantial increase in the announced sales, which was rejected without a justification, the appellate tribunal directed the taxation officer to accept the declared sale in the circumstances for both years.
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