ORDER

S. HASAN IMAM (JUDICIAL MEMBER).-By this order we intend to decide the appeal of the assessee captioned above preferred from the order dated 2-11-2000 passed by the learned CIT(A).2. The assessee a private limited company engaged in the business of distribution of pharmaceutical products of various pharmaceutical companies, objected the order:(i) holding that receipt in terms of compensation for termination of distributorship agency amounting to Rs.2,550,333 is liable to tax.(ii) maintaining the order of the Assessing Officer treating the tax deducted under section 50(4) of the Income Tax Ordinance, 1979 on supplies of imported goods as part of final discharge of tax liability.3. We have heard the learned representatives of the two parties and have gone through the record.4. The present issue pertains to the action of the Assessing Officer in taxing compensation receipts received on termination of distributorship/agency. The assessee is a sole distributor/agent having rights of Messrs ...