1997 PLP (Trib (PTD)
N/A
| Citation | 1997 PLP (Trib (PTD) |
| Forum / Court | Income-tax Appellate Tribunal Pakistan |
| Bench Members | Iftikhar Ahmad Bajwa, Accountant Member |
| Parties | N/A |
| Primary Law | Income Tax Ordinance (XXXI of 1979) |
Q1: What are the key laws and sections cited in 1997 PLP (Trib (PTD)?
This judgment primarily cites: Income Tax Ordinance (XXXI of 1979) as referenced in Pakistani case law index.
Q2: Which judicial bench decided the case 1997 PLP (Trib (PTD)?
The case was heard and decided by the Income-tax Appellate Tribunal Pakistan bench comprising: Iftikhar Ahmad Bajwa, Accountant Member.
Q3: What is the official citation format for this judgment on Pakistan Law Portal?
Cite this legal precedent as: 1997 PLP (Trib (PTD) (N/A). Read the full summary and cross-referenced laws free on Pakistan Law Portal.
Laws Cited
Representation
- Siddique Akhtar Ch., I.T.P. for Appellant.
- Mian Qasim Ali, D.R. for Respondent.
- Date of hearing: 16th December, 1996.
Headnotes / Summary
S.22
Addition in trading and P & L Accounts-- Assessee returned receipts
Revenue Authorities disbelieving same made their own estimate
Contention of assessee was that power consumption was a fair indicator of the volume of business and receipts declared were quite reasonable as compared to the preceding years
Held receipts declared were quite reasonable considering past history and circumstances of the case, and same ought to have been accepted
Assessing Officer was directed to modify the assessment accordingly.
Judgment & Decree
17880 Units Rs.10,71,167 Rs.12,50,000 Rs.11,00,000 1990-91 16650 = Rs.10,00,316 Rs.12,00,000 Rs.10,50,000 1991-92 16376 = Rs.10,48,940 Rs.12,25,000 Rs11,00,000 (Under Appeal) The above chart clearly brings out the fact that receipts declared for the year under appeal were quite reasonable. Considering the past history and circumstances of the case, the receipts ought to have been accepted. The assessing officer would modify the assessment accordingly.
3. The appeal succeeds as above. C.M.S./379/Trtb. Appeal allowed.