MUHAMMAD JAWED ZAKARIA, JUDICIAL MEMBER:--- This appeal arises out of the order No.20, dated 10.10.2015 passed by the learned Commissioner Inland Revenue (Appeals-II), Karachi, for the tax year 2010 passed under section 122(5A) of the Income Tax Ordinance, 2001. The taxpayer/ appellant has agitated the following grounds of appeal: "1. That the order passed of the Commissioner Inland Revenue, Appeals [CIR(A)] is bad in law and on facts. 2. That the order of the CIR(A) is illegal, ultra vires, void and without any justification. 3. That the CIR(A) has erred in confirming the action of ACIR in treating the heads of income as single basket income. It is contended that the action of the CIR(A) is bad in law and on facts. 1. Dividend Income Rs. 307,376,841 2. Property Income Rs. 54,665,226 4. That the CIR(A) has erred in not giving the decision with regards to charging of Workers Welfare Fund at Rs. 10,780,628/-. It is contended that the action of the CIR(A) is bad in law and on facts. 5. Th...
PRESENT:
MUHAMMAD, JAWED ZAKARIA, JUDICIAL MEMBER SYED AYAZ MAHMOOD, ACCOUNTANT MEMBER
Petitioner(s) by: Atif Mufassir, FCA and Safdar Imam, ACM A.
Respondent(s) by: Abdul Salam, D.R..
Law: Income Tax Ordinance, 2001
Sections: 99,122(5A),132,4th Schedule
Law: Workers Welfare Fund Ordinance, 1971
Sections: 2-F
Disclaimer / Note: We have reproduced the judgment for facilitation of readers; however, the readers must study the original or certified copy of the above said judgment before referring it in any Court of Law. The judgment as reproduced above is a reported judgment available in law magazines and journals namely: 2020 PTD 63