THIS JUDGMENT PASSED BY: FAHIM AHMED SIDDIQUI, JUSTICE:---.---
This single order would suffice to dispose of the instant appeals filed by the appellant against the combined order dated 14-11-1999 passed by the then learned Income Tax Tribunal, Karachi in respect of assessment years 1994-95 to 1996-97 (all inclusive) under section 135 of the Income Tax Ordinance, 1979 (hereinafter referred as "˜the Ordinance').
2. In respect of the impugned order, the appellant has raised teaming number of questions of law but at the time of hearing, the learned counsel for the appellant under instruction does not press the rest of the questions except Questions Nos. 2 and 8, which are as under:
Question No. 2
Whether the learned Income Tax Appellate Tribunal was justified in confirming the order passed by the Deputy Commissioner of Income Tax and confirming that the profit of Rs. 9,73,260/- earned on the sale of Plot No. 64/1, Khayaban-e-Sehar, Phase-V, DHA, Karachi was taxable, especially wh...