Income Tax Appellate Tribunal
2006
THLN 1149
2006 PTD 1189
Laws Cited
Income Tax Ordinance, 1979
Sections
9,10,50,50(3),80,80DD,132,132(4),FirstSched.,50(5)

VS

Petitioner(s) by: Sajid Ijaz Hotiana for Appellant (in I.T.As, Nos. 4453/LB, 4454/LB of 2005, 4605/LB and 4606/LB of 2003). Muzammal Hussain, D.R. for Appellant (in I.T.As. Nos.5049/LB and 5050/LB of 2003).
Respondent(s) by: Muzammal Hussain, D.R. for Respondent (in I.T.As. Nos.4453/LB, 4454/LB of 2005, 4605/LB and 4606/LB of 2003). Sajid Ijaz Hotiana for Respondent (in I.T.As. Nos.5049/LB and 5050/LB of 2003).
Present: EHSAN-UR-REHMAN, JUDICIAL MEMBER AND NASEER AHMAD, ACCOUNTANT MEMBER
ORDER

Out of these six appeals the first two for the assessment years 2000-2001 and 2001-2002 have been filed by the assessee against order of the learned CIT (Appeals) dated 8-6-2005 whereas the remaining four appeals for the assessment years 2001-2002 and 2002-2003 are cross-appeals against order of the learned CIT (Appeals) dated 12-5-2003. Two appeals of the assessee pertaining to the assessment years 2000-2001 and 2001-2002 against order of I.T.A. No. 4453/LB of 2005 rectification passed under section 221 of the Income Tax Ordinance, 2001 are being taken up first.2. Brief facts of these appeals are that the assessee is an unlisted Public Limited Company deriving income from manufacturing and sale of Ghee/Oil & soaps.. The final assessments were finalized under section 135/132 of the repealed Income Tax Ordinance, 1979 (hereinafter the repealed Ordinance) by charging minimum tax under section 8ODD of the repealed Ordinance at Rs.. 1,55,89,169 and Rs. 3,13,68,038 for the assessment ye...

2006 THLN 1149
Income Tax Appellate Tribunal
(2006 PTD 1189)

PRESENT:
EHSAN-UR-REHMAN, JUDICIAL MEMBER AND NASEER AHMAD, ACCOUNTANT MEMBER

Petitioner(s) by: Sajid Ijaz Hotiana for Appellant (in I.T.As, Nos. 4453/LB, 4454/LB of 2005, 4605/LB and 4606/LB of 2003). Muzammal Hussain, D.R. for Appellant (in I.T.As. Nos.5049/LB and 5050/LB of 2003)..

Respondent(s) by: Muzammal Hussain, D.R. for Respondent (in I.T.As. Nos.4453/LB, 4454/LB of 2005, 4605/LB and 4606/LB of 2003). Sajid Ijaz Hotiana for Respondent (in I.T.As. Nos.5049/LB and 5050/LB of 2003)..

Law: Income Tax Ordinance, 1979
Sections: 9,10,50,50(3),80,80DD,132,132(4),FirstSched.,50(5)

Disclaimer / Note: We have reproduced the judgment for facilitation of readers; however, the readers must study the original or certified copy of the above said judgment before referring it in any Court of Law. The judgment as reproduced above is a reported judgment available in law magazines and journals namely: 2006 PTD 1189