JUDGMENT

NASIM SIKANDAR, J.-In this further appeal under section 136(1) of the late Income Tax Ordinance, 1979, as it existed at the relevant time, following questions are stated to have arisen out of the impugned order of the Income Tax Appellate Tribunal, Lahore Bench Lahore, dated 18-12-1998:--(1) "Whether on the facts and circumstances of the case, the Tribunal was right in treating the two different accounts maintained by the appellant in the name of the Director recording huge verifiable transactions of sale of tickets and receipt thereof were representing loan from director?(2) Whether on the facts and circumstances of the case, the Tribunal fell in error in changing the nature of trade transactions as of advance/loan account?(3) Whether on the facts and circumstances of the case, a trade credit can be treated as loan for the purpose of section 12(18) of the Ordinance?(4) Whether on facts and circumstances of the case any amount/advance received in the nature of trade could be treated as...