ORDER

THIS ORDER PASSED BY:MALIK ABDUL SAMAD (ACCOUNTANT MEMBER).---The instant appeal has been filed by the Department against the order of Appeal Karachi/Hyderabad, dated 30-12-2008 on the following grounds of appeal:(i) That, the order passed by CIT(Appeals) Hyderabad is bad in law and against facts of the case.(ii) That, taxpayer acquired right (to use for more than twenty years) in the leasehold plot No. N-30, SITE, through deed of Assignment.(iii) That, taxpayer did not purchase Plot No. F/8, SITE, Kotri.(iv) That, value of immovable property is not recorded.(v) That, applicable rate of CVT is Rs.15,00,000 by taxpayer represents consideration for transfer of rights and interests in the leasehold property."2. On due date of hearing, Dr. Abdul Sattar Abbasi, argued on behalf of the Department while the taxpayer was represented by Mr. A.S. Jafri of Messrs A.I. Jafri and Co. Hyderabad.3. Brief facts of the case are that the taxpayer acquired lease hold rights of an industrial plot bearing ...