1997 PLP (Trib (PTD)
N/A
| Citation | 1997 PLP (Trib (PTD) |
| Forum / Court | Income-tax Appellate Tribunal Pakistan |
| Bench Members | Inam Ellahi Sheikh, Accountant Member and |
| 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: Inam Ellahi Sheikh, Accountant Member and.
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
- Muhammad Riaz Malik for Appellant.
- Mrs. Sabiha Mujahid, D.R. for Respondent.
- Date of hearing: 19th December, 1996.
Headnotes / Summary
S. 22
III-health cause of decline in business -- Assessee returned sales--: Same was declined and adopted at high altitude-- First Appellate forum confirmed treatment
Held, considering submissions of assessee that he was not keeping good health as a result of which sales may have been declined
Sale estimate was fixed at Rs.5,50,000 instead of Rs.6,00,000.
Judgment & Decree
Date of hearing: 19th December, 1996. INAM ELLAHI SHEIKH (ACCOUNTANT MEMBER).
An individual assessee, deriving income front purchase and sales of electric goods, has filed this further appeal against the Order dated 2Q-5-1992 recorded by the learned Commissioner of Income Tax (Appeals), Zone III, Faisalabad.
2. Relevant facts, in brief, are that the assessee filed a Return to declare the income at Rs.53,430 which was assessed at Rs.68,
000. Sales were declared at Rs.5, 00,000 with a G.P. Rate of 15%. The Assessing Officer estimated the sales at Rs.6, 00,000 and allowed the expenses at Rs.22,
000. The learned C.I.T. (Appeals) confirmed this treatment.
3. The main grievance of the assessee is on the issue of sales, the learned A.R. of the Assessee has submitted that the sales estimate was excessive considering the ill-health and age. The learned P.R. on the other hand, opposed the appeal with the submissions that the sales estimate was not excessive as in the earlier years, the sales had been estimated at Rs.6,00,000 as confirmed by the Tribunal.
4. Considering the submissions of the learned A.R. that the assessee was not keeping good health as a result of which the sales may have declined, the sales estimate is fixed at Rs.5,50,
000. No other ground was pressed.
5. The appeal succeeds partly. C.M.S./354/Trib Order accordingly.