Law: Income Tax Ordinance, 2001

Section: 120(1),122(1),122(5),122(9),177

ORDER This order shall dispose of the titled appeal filed by the taxpayer against the impugned order dated 31 03.2014 passed by learned CIR(A-II), Lahore for the tax year 2009 on the grounds as set forth in the memo of appeal. 2. Brief facts of the case are that the taxpayer, an individual, filed Income tax return for the tax year 2009 declaring income of Rs.876,540/- which was taken to be deemed assessment in terms of section 120(1) of the Income Tax Ordinance, 2001. Later on, the case was selected for audit under section 177 of the Ordinance by the CIR, RTO, Lahore. Statutory notice under section 122(9) of the Ordinance was issued. In response thereto, reply was submitted which was considered and found unconvincing. Hence, OIR amended the assessment under section 122(1)(5) of the Income tax Ordinance, 2001 at assessed income of Rs.13,101,727/-. 3. Being aggrieved with the treatment meted out by the OIR, the taxpayer preferred appeal before the learned first appellate authority, who confirmed the additions made by the assessing officer. Feeling dissatisfied with the above said order, the taxpayer has come up in appeals before this forum hearing the learned AR reiterated the contentions already made in the written grounds of appeal. Learned DR opposed the appeal on the grounds that the points raised by the appellant/registered person have already been elaborately discussed by the first appellate authority and the learned AR has not been able to rebut the observations/findings of CIR…

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