COMMISSIONER OF INCOME TAX, COMPANIES-II, KARACHI versus ALLWIN ENGINEERING INDUSTRIES LTD., KARACHI
The Company examining the extent of Section 65 and 166 Income Tax Act (XI of 1922), Section 15 BB and 34 under Section 65, Income Tax Ordinance, 1979, in the present case, Section 15 BB, Income Tax Act Income tax exemption under 1922. After the completion of assessment year 1971 1972, notice under section 65, Income Tax Ordinance, 1979, was issued by the Income Tax Officer in June, 1982, because the Assessment did not properly utilize the reserve under Section 15BB. What was The Income Tax Act, 1922 and consequently, a reassessment record was prepared stating that when a date was raised, expressing concern against the due process under section 65, Income Tax Ordinance, 1979. Was not mentioned, then an appeal was filed before the Income Tax Commissioner. Appeals), which dismissed the assessment, stating that the period under which the corrective action could be taken by the Income Tax Officer under Sec 15BB, Income Tax Act, 1922, was canceled. The Income Tax Ordinance expired before the 1979 issue, and the Income Tax Officer had no jurisdiction to proceed under Section 65 of the Income Tax Ordinance 1979, on which the Appeal Tribunal of 1977 agreed with the Commissioner. Was. The High Court's opinion referred to the effect of the question of law whether the learned Income Tax Appellate Tribunal on the facts and circumstances of the case was justified in this proceeding under Section 65, Income Tax Ordinance 1979, Was not within range of d held that since the provisions of section 166 (2) (c) Income Tax Ordinance, 1979 showed different intentions, and Section 34, Inc.
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