ORDER

Muhammad Shafi Siddiqui, J:-- The question proposed is about ‘definite information' required for the amendment of the assessment under section 122 of the Income Tax Ordinance, 2001 (‘the Ordinance'). It started via notice under subsections 1, 5 and 9 of section 122 of the Ordinance, 2001 issued to the assessee for the tax year 2006, finalized under section 120 of the Ordinance by accepting a declared version. The cause is a bank statement alone, on the basis of which proceedings commenced.2. The explanation provided by the taxpayer was found unsatisfactory and the assessing officer re-assessed the net income of the taxpayer. Being aggrieved of such treatment, the taxpayer filed an appeal before the Commissioner Inland Revenue (Appeals-I), Islamabad (‘the Commissioner') and was able to successfully established his response to some extent. The Commissioner decided the appeal on 28.12.2011. Both, the department and the taxpayer found themselves aggrieved of the order of the Commissi...