THIS ORDER PASSED BY:

NASIM SIKANDAR, J.-This is a case stated by the Lahore Bench of the Income Tax Appellate Tribunal. The following question of law has been framed for our consideration and answer:---"Whether or not, in the facts and circumstances of the case, the learned ITAT was justified to direct the 1T0 to accept the declared trading results when he failed to communicate to the assessee, in his further communication on the other issues, that his explanation on debit side was not acceptable?"2. The facts in brief are that the assessee an individual engaged himself in export/supply of sleeping bags. The Assessing Officer though accepted the declared export sales yet proceeded to apply a rate of 18%. Also certain additions on account of deemed income were made to frame assessment at total income of Rs.12,40,009 as against declared. by the assessee at Rs.1,49,055. The learned first appellate authority allowed partial relief in case of deemed income, while rejection of account as well as application of r...