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COMMISSIONER OF INCOME-TAX, CENTRAL ZONE-\'C\', KARACHI versus MESSRS AMERICAN EXPRESS INTERNATIONAL BANKING CORPORATION LIMITED, KARACHI


Section 65 Income Tax Act (XI of 1922), Section 34 Scope and Applicability of both provisions Evaluation of avoidance of income The additional diagnostic requirements once all facts have been fully disclosed by the Assessment and considered by the Assessing Officer. Was made and the diagnosis was consciously completed and not. The new fact was discovered, there was no room for interference in the transaction as a result of which the tax revenue was estimated or scrutinized.

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