JUDGMENT

SHAHID JAMIL KHAN, J.---This judgment shall also decide I.T.A. No. 195 of 2000; for having arisen out of same order under similar facts.2. The appeals, under section 27(1) of Repealed Wealth Tax Act, 1963 ("Act of 1963"), are directed against order dated 15-11-1999 passed by Income Tax Appellate Tribunal, Islamabad ("Appellate Tribunal"), proposing following question of law:--"Whether on the facts and circumstances of the case the learned ITAT was justified to treat the tax paid under section 14C of the Wealth Tax Act, 1963, as only advance tax while wealth tax paid under section 14C is minimum wealth tax payable on an asset?"3. Necessary facts are that respondent filed return of wealth tax for assessment years 1997-1998 and 1998-1999, declaring a rented house at Islamabad in net wealth. The declared net wealth was assessed under section 16 of the Act of 1963 and the house in question was charged to tax, on Gross Annual Letting Value ("GALV"), at normal tax rate. The house was again su...