Income Tax Appellate Tribunal
2007
THLN 597
2007 PTD 1929 | (2007) 96 TAX 123
Laws Cited
Income Tax Ordinance, 1979
Sections
2,2(20),12,12(12),27,30,50,50(4),50(7A), 80,80B

VS

Petitioner(s) by:
Respondent(s) by:
Present: JAWAID MASOOD TAHIR BHATTI, JUDICIAL MEMBER AND KHAWAR KHURSHID BUTT, ACCOUNTANT MEMBER
ORDER

Through these two cross appeals the impugned order of the learned CIT(A), dated 14-1-2005 has been objected by both the parties. The assessee has objected the impugned order regarding upholding of the assumption of jurisdiction by the Taxation Officer consequent upon the selection of the case for total audit and not allowing in full the amount of Zakat paid by the assessee while the department in the cross appeal has objected the directions of the learned CIT(A) to treat the income from other sources as dividend.Mr. Abdul Khaliq, ITP has appeared on behalf of the Assessee and has at the very outset submitted that he is not pressing the appeal filed by the assessee. The appeal filed by the assessee is, therefore, dismissed being not pressed by the learned counsel for the assessee.Regarding the appeal filed by the department, we have round that according to the facts as mentioned in impugned order of the learned CIT(A) and in the assessment order Messrs Nepak Marketing (Pvt.) Limited and...