---Amendment of assessment---"Definite information"---Assessment was amended by estimating husking receipts at three times of consumption of electricity, applying gross profit rate 50% and making Profit and Loss add backs---Re-assessment was annulled by the First Appellate Authority---Validity---Assessing Officer had failed to acquire any 'definite information' to make amendment of assessment and only proceeded on guess work while computing income of the taxpayer---No specific notice under S.122(9) of the Income Tax Ordinance, 2001 was ever issued which was a mandatory requirement---Order of First Appellate Authority was maintained by the Appellate Tribunal.
| Court | Year | Appellant vs Respondent | Sections | Topic |
|---|---|---|---|---|
| Appellate Tribunal Inland Revenue | 2012 | C.I.R., R.T.O., GUJRANWALA Vs Messrs USMAN RICE MILLS, GUJRANWALA |
Income Tax Ordinance (XLIX of 2001)---
----Ss. 122
|
Amendment of assessment---"Definite information |