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I.T.AS. NOS. 3534, 1536 AND 1537/LB OF 1986-87, HEARD ON 8TH DECEMBER, 1986. versus I.T.AS. NOS. 3534, 1536 AND 1537/LB OF 1986-87, HEARD ON 8TH DECEMBER, 1986.


Schedule II, C1 172 and Section 2 (7) of the Central Board of Revenue Circular No. 9 1985 No SRO 721 (a) 85, the original review of the SCC was made on 18-6 1984 but it was The AAC was separated. 1 When 1986 was recently assessed by the ITO on 2 2 1986, this assessment had already purchased national fund bonds in 31 8 1985, in the assessment described in section 2 (7), also the reassessment. Included, the reassessment order was approved by the ITO. 2 2 In 1986 and before that date the Assissee had purchased the National Fund Bond on 31 8 1985, the assessment which was kept by the appellate authority, therefore, could not be done as it would have allowed the matter to be finalized. Format since Assisi submitted a photo copy of the National Fund. Bond for money, Assisi was allowed an exemption and benefit for the purchase of National Fund Bonds, and exemption was allowed under Schedule II, C1 172 of the Ordinance under certification [Minority opinion].

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