C.I.T., ISLAMABAD versus ZHONGXING TELECOM, ISLAMABAD
Section 122 (2) and 120 General Clauses Act (X of 1897), Section 6 (c) amended the assessment taxpayers claimed that the assessment was completed on 2 nd 2006 as per section 120 of the Income Tax Ordinance 2001. Filed after seeking extension of time limit for filing returns; and sub-section (2) of section 122 of the Income Tax Ordinance, 2001, was filed under the Finance Act, 2009 and the five-year period of fiscal year 2005 Shall begin at the end of the year ie in accordance with clause (6) of section 12 of 2004. And the order was approved on 30th 2012 when the tax was claimed after a period of five years replaced sub-section (2) of section 122 of the Income Tax Ordinance, 2001 by the Finance Act, 2009. had gone. And a comparison of the provisions of the present section (2) and the alternative provisions has revealed that no fundamental provision of the law has changed. And the provisions of section 122 of section 122 of the Income Tax Ordinance, 2001 will be reviewed as there is no change in the law. The right to amend the diagnostics of this case will be terminated by 1 2 2011, resulting in the filing of the return / deemed assessment. 2 According to the law of 2006, the then Department can only amend the assessment till 1 2 2011. ? For tax year 2005, the return was filed on 2 2 2006 and amended on 30 6 6 2012. The taxpayer claimed that the assessment was made on the date of filing. According to the law of repatriation and existing law, the amended assessment can only take place within five years, ie up to 1 2 2011 and the amendments made in section (2) of section 122 of the Income Tax Ordinance 2001, 2009, by this Financial Act. Under which the limit was extended from the end of the financial year to a period of five years in which the Commissioner received the tax
