Law: Income Tax Ordinance, 1979

Section: 65,62,59(1),134,134(1),66A,111,156,132,1 48(2),2(7),83(4)

Law: General Clauses Act, 1897

Section: 24,6

Law: Income Tax Act, 1961

Section: 253(1),131,154,250,271,271A,272A

Law: Income Tax Act, 1922

Section: 23(1),33,28,30,31,34A

Income-tax Ordinance, 1979 -- Sections 2(7), 83, 134, 134(1), 134(b), 166(2)(b), 166(2)(d) --Appeal to Appellate Tribunal -- Assessee's wife, an employee of P.I.A. -- Assessment for the year 1977-78 was already completed -- Information received about F.D.Rs in the name of assessee's wife -- I.T.O issued notice for re-assessment -- Assessments framed accordingly I.A.C. cancelled the assessments with the reason that the interest income declared by the assessee was the income of his wife -- Whether the IAC could reduce the tax liability of the assessee -- Held yes -- Whether appeals were maintainable in law -- Held no - Appeal against order of Inspecting Assistant Commissioner -- Only condition prescribed by S. 33(1) of the Act of 1922 was the period of limitation of 60 days -- Provisions of S. 166, Income-tax Ordinance, 1979, however, deals with those cases where provisions of S. 33(1) of the Act of 1922 have been kept alive for certain purposes -- Application of S. 166(d) & (b) -- Word "assessment" includes re-assessment and additional assessment -- Assessments which are contemplated by S. 166(d) may be either the original assessments or revised or additional assessments made pursuant to an appellate or revisional order -- Provision of S. 166(d), however, does not deal with the point of time at which such return for that assessment year was filed -- Where returns were filed much after promulgation of repealed Act of 1922 -- Provisions of S. 134 of the Ordinance would be applicable to appeals in view of S. 166(2) of the Ordinance -- Appeal to the Tribunal by assessee -- Conditions to be satisfied detailed -- Appeal to Tribunal by assessee -- Where the Inspecting Assistant Commissioner had concealed all the assessment for the reasons that interest income declared by the assessee was the income of his wife and should be taxed accordingly, the Inspecting Assistant Commissioner had in effect reduced the tax liability of the assessee, as such appeals by assessee, against order of Inspecting Assistant Commissioner were not maintainable in law -- Income from revocable transfer of assets -- Word "transfer" -- Meaning -- Contention that fixed deposit receipts…

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