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Appellate Tribunal Inland Revenue 2012 Income Tax---

2012 PTD 206

Accounting gain on disposal of fixed assets
Messrs LAFARGE PAKISTAN CEMENT LTD., ISLAMABAD
Appellant
VS
C.I.R., L.T.U., ISLAMABAD
Respondent

Case Laws / Head Notes / Paras

----Accounting gain on disposal of fixed assets---Taxation---Validity---Taxpayer could produce evidence before Officer Inland Revenue to support his contention that said assets did not constitute depreciable assets---Orders were set aside on this issue and case was remanded to Officer Inland Revenue on the issue with the direction to receive evidence and provide opportunity of being heard.