The titled appeal has been Tiled, at the instance of the assessee, arising out of order passed by the learned C.I.T.(A), Zone-V, Lahore, dated 22-2-2005, for the assessment year 2001-02. The appellant also preferred a misc. application raising Additional Ground of Appeal. The appellant is allowed' to raise and argue the additional ground and, as per additional ground filed, it is the appellant's contention that:---"The learned RCIT is not justified Co set apart the Income Tax Return filed by the assessee for assessment year 2001-02. The selection of the case for audit, under paragraph 9(a)(ii) of Circular No.4/2001 is beyond the guidelines and policy directions issued by the C.B.R. under its Circular letter dated 26th March, 2002."2. Briefly stated, the relevant facts are that the assessee in this is an individual who continues to derive income from sale of readymade garments. Return for 2001-02, was filed declaring net income at Rs.1,503,204. The case of the appellant was set apart by...
PRESENT:
ZAFAR ALI THAHEEM, JUDICIAL MEMBER AND MAZHAR FAROOQ SHIRAZI, ACCOUNTANT MEMBER
Law: Income Tax Ordinance, 1979
Sections: 59,59(1),62
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