2012 PTD 839

Case Laws / Head Notes / Paras

---Provisional assessment---Tax year 2008---Taxpayer was an individual who owned a vehicle and was residing abroad---Proceedings were initiated by issuing notice under S.114(4) of the Income Tax Ordinance, 2001---Notice was not complied with by taxpayer---Taxation Officer estimated the fair market value of the vehicle and made addition---Taxpayer contended that S.122-C of the Income Tax Ordinance, 2001 was introduced through Amended Finance Ordinance dated 28-10-2009 and was applicable for the tax year 2010 and onward; and completion of assessment under S.122C of the Income Tax Ordinance, 2001 for the year under appeal was illegal, unjustified and without jurisdiction; and that Cl.(vi) of subsection (1) of S.114 of the Income Tax Ordinance, 2001 was introduced through Finance Act, 2009 was...