Out of these eight appeals, six are the cross appeals against the three separate impugned orders of the learned CIT(A) dated 3-6-2004 for the assessment year 1998-99 and two separate orders, dated 29-6-2005 for the assessment years 2001-2002 and 2002-2003. While out of the remaining two appeals, one has been filed by the assessee against the impugned order, dated 3-6-2004 for the assessment year 1999-2000 and the other by the Department against the impugned order, dated 29-6-2005 for the assessment year 2000-2001.The issues involved in the appeals referred supra are being adjudicated year-wise as under:--Assessment year 1998-1999The assessee for this year has agitated against confirmation of trading addition on account of purchase rate of sugarcane, addition of depreciation allowance, addition made under section 24(fl) of the repealed Income Tax Ordinance, 1979 and disallowances made in the Profit and Loss A/c under the heads "Vehicle Running Expenses", "Postage/Telephone etc.", "Trave...
PRESENT:
JAWAID MASOOD TAHIR BLRATTI, JUDICIAL MEMBER AND SHAHEEN IQBAL, ACCOUNTANT MEMBER
Law: Income Tax Ordinance, 1979
Sections: 25,25(c),62,62(1),54,55,80,80D,88
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 345 | (2006) 94 TAX 289