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I.T.A. NO.4056/LB/1985-86, DECIDED ON 27TH AUGUST, 1989. versus I.T.A. NO.4056/LB/1985-86, DECIDED ON 27TH AUGUST, 1989.


Section 2 (24) Earnings Attention Section 13 (1) (a) The investor evaluating an unclear investment had shown a certain amount as net assets but was unable to explain the source of the insurance. The nature of the receipts and its sources is not obtained satisfactorily explained by the investigator, which facts were generally within his strange knowledge, the Income Tax Officer legally One can imagine that the proceeds from the undisclosed source were income from the source and were thus obliged to receive tax under section 13 (1). (a) of the Ordinance

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