ORDER

Titled appeal has been filed at the instance of the assessee for the assessment year 1994-95 assailing the impugned order dated 31-10-1996 passed by the learned A.A.C., . Lahore. The assessee/appellant through this appeal has objected to the order of the learned A.A.C., Lahore on the ground that the learned .C.I.T.(A) was not justified to set aside addition made under section 13(1)(aa) in spite of observing that the same was made on the basis of conjectures and surmises and without appreciating the fact that is was a gift transaction made by father-in-law.2. Briefly stated the facts of the case are that the appellant lady acquired a Room No.3 on second floor, Mashallah Block, Alamgir Market, Lahore measuring 99 sq. ft. for registered consideration of Rs.15,000 vide registered sale-deed dated 10-10-1993. On receipt of information regarding purchase of property, the Assistant Commissioner of Income/Wealth Tax, Circle 19, Zone A. Lahore initiated the proceedings in the case. Initially not...