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ITA NO. 840/LB/DB-II OF 1989-90, DECIDED ON 29TH DECEMBER, 1994. versus ITA NO. 840/LB/DB-II OF 1989-90, DECIDED ON 29TH DECEMBER, 1994.


Income Tax Ordinance 1979 Sections 13 (1) (AA) and (2) Estimation of Increased Income The Income Tax Officer's assessment completely ignored the Income Tax Officer's modest investment and sought an explanation from the Assessment. The Assessment Order observed that the assessee's explanation that the Assisi had failed to produce any such explanation, such action by the Income Tax Officer, was undesirable and was equivalent to suppressing the facts.

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