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Appellate Tribunal Inland Revenue 2002 Income Tax Ordinance (XXXI OF 1979)

2002 PTD 716

Precedent---Each enactment has its own objectives, philosophy and mechanism and decisions made under it are not binding on the functionaries working u
Ahmad Kamal, D.R.
Appellant
VS
Nemo
Respondent

Case Laws / Head Notes / Paras

Annual Letting Value---(ALV) assessed by Provincial and Taxation Department under Property Tax Act for the purpose of levying property tax was not binding on the Assessing Officer for the purpose of income-tax under Income Tax Ordinance, 1979. If the Assessing Officer suspects that the rent had been understated by the landlord with connivance of the tenant, then he could make a fair assessment of the Annual Letting Value of the property keeping in view. The relevant factors after discarding the rent declared. Annual Letting Value-Assessing Officer had based his assessment of income of assessee's property on the original PT-I Forms issued by the Excise and Taxation Department whereas the First Appellate Authority had accepted assessee's appeals and directed the Assessing Officer to adopt ...