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...
PRESENT:
JAWAID MASOOD TAHIR BHATTI, JUDICIAL MEMBER AND KHAWAR KHURSHID BUTT, ACCOUNTANT MEMBER
Law: Income Tax Ordinance, 1979
Sections: 2,2(20),12,12(12),27,30,50,50(4),50(7A), 80,80B
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: 2007 PTD 1929 | (2007) 96 TAX 123