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JAMSHED AHMED AZMI versus COMMISSIONER OF INCOME TAX (APPEALS)


Section 13 (1) (e), Second Proviso and 13 (2) [as amended by the Finance Act (VII of 1992)] declare the purchase price of the property purchased in the Asset Assessment in the year 1987 With the same advance approval of the Income Tax Officer's Inspection Additional Commissioner (IAC), an increase in the actual value of the property's income to reveal that two advance approvals are required for this increase is the Income Tax Ordinance, 1979. The operators did not estimate or increase / increase the value of such property until the revocation of the first approval required by section 13 (2), therefore, in the circumstances of the IAC No double approval was required.

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