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Unexplained income or assets Separate notice, issuance of Words “the person offers no explanation” and “or the explanation offered by the person is not, in the Commissioner’s opinion, satisfactory” Scope Dispute was with regard to additions made by authorities under S. 111 of Income Tax Ordinance, 2001. Appellate Tribunal Inland Revenue deleted such additions on the plea that a separate and specific notice was required for addition under S. 111 of Income Tax Ordinance, 2001. If instances/ categories of unexplained income and assets, detailed in S. 111 of Income Tax Ordinance, 2001, emerged to Commissioner, he was required to invite explanation from taxpayer, confronting information collected that its case would come within the head(s) specified in S. 111(1) of...
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