Law: Income Tax Ordinance, 1979

Section: 2,2(41),55,59,62

(a) Income-tax Ordinance (XXXI of 1979)---Ss. 2(41) & 55--Filing of Return by assessee--Return has to be verified in the prescribed manner--Assessee is required to affix his signatures on the Return--Omission to affix signatures on Return by assessee is certainly fatal rendering Return invalid. (b) Income-tax Ordinance (XXXI of 1979)-- ---Ss. 2(41), 55, 59 & 62--Return filed by assessee in time found be invalid on ground of assessee's omission to sign same--Return: filed by assessee after the last prescribed date would not make eligible for being treated as a return under the Self-Assessment Scheme--Assessment relating to relevant charge year therefore was correctly finalised under S.62 of the Ordinance. ORDER Brief facts giving rise to this appeal are that the assessee, who is an individual filed a return on 10-10-1985 to declare r, income of Rs.18,500. This return was treated as invalid because t assessee somehow had not put his signatures on it. He was inform about it vide letter No.0378633 dated 19-11-1985. after the last date for filing of return by 15-11-1985. had expired. The assessee w simultaneously, served with a notice under section 56 of the Income Tax Ordinance, 1979 (hereinafter called the Ordinance requesting him to file a return of his income for the charge year 1985-86. In consequence thereof he filed a return on 24-11-1985 to disclose net profit of Rs.18,500 as per computation chart. The Income Tax Officer, on his part, estimated turnover of the assessee at Rs.2.00,000 which was subjected to gross profit rate of 15% so as to compute gross income of Rs.30,000 After allowing a sum of Rs.5 000 on account of reasonable Profit and Loss expenses, net income of the assessee was estimated at Rs.25,000 Income as assessed heretobefore was contested in appeal before learned Appellate Assistant Commissioner who l)v virtue of Appeal No.491 dated 20-4-1986, confirmed assessment relating to the charge year 1985-86. In this view of the matter the assessee filed a second appeal before the Tribunal which after hearing has been disposed of today. 2. First objection of learned counsel of the assessee relates the fact that there was no justification with…

Deprecated: trim(): Passing null to parameter #1 ($string) of type string is deprecated in /home/digixyei/sldsystempk.com/view/master-layout/view_case.php on line 492