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Appellate Tribunal Inland Revenue 2012 Income Tax Ordinance (XLIX of 2001)--- ----Ss. 18(1)(d) & 122(5-A)

2012 PTD 801

Income from business, chargeable to income tax---Amendment in assessment-
SUI NORTHERN GAS PIPELINES LTD., LAHORE
Appellant
VS
COMMISSIONER INCOME TAX, L.T.U., LAHORE
Respondent

Case Laws / Head Notes / Paras

---Income from business, chargeable to income tax---Amendment in assessment---Additional Commissioner in amendment order charged to the tax the grants received by assessee company from the Federal Government by invoking the provisions of S.18(1)(d) of Income Tax Ordinance, 2001---First Appellate Authority having upheld the action of the Additional Commissioner, the company had filed appeal to Appellate Tribunal---Submissions of representative of the company was that company regularly received grants from Federal Government, in the same way it received contribution from consumers, which were solely utilized towards funding of transmission and distributing lines, which were utilized to transmit natural gas to consumer; it was explained that accounting and tax treatment of both the consumer c...