Law: Income Tax Ordinance, 1979

Section: 92

Law: Constitution of Pakistan, 1973

Section: 199

Law: Wealth Tax Act, (XV of 1963)

Section: 23

Wealth Tax Act (XV of 1963)----S. 23---Income-Tax Ordinance (XXXI of 1979), S.92---Constitution of Pakistan (1973), Art.199---Assessment by Wealth Tax Officer ---Assessee's appeal against assessment pending adjudication before Appellate Authority--­Notice issued to assessee's Bank to transfer proceeds of assessee's Bank Account to Income Tax Department---Validity---High Court as per agreement of parties directed Appellate Authority to take assessee's appeal out of turn and decide the same within specified time---Bank was directed to transfer assessed amount to the account of Income-tax Department and assessee would not withdraw amount in question, and would undertake with the Bank as surety and after decision of appeal the demand adjudicated, by Appellate Authority would be adjusted first and then assessee be entitled to the balance of amount and to withdraw the same. ORDER Learned counsel for the petitioner contends that the construction of Barkat Ali Centre was commenced during assessment year 1992-93 as the site plan was approved by the Metropolitan Corporation on 28-7-1991. The Wealth Tax Officer assessed the petitioner for the years 1989-90 to 1993-94 and raised a total demand of Wealth Tax amounting to Rs.28,58,575 and appeal against the said impugned order is pending before the Appellate Commissioner of Wealth Tax, Zone-16, Lahore. Respondent No.3 issued a notice under section 92 of the Income Tax Ordinance, 1979 directing the Manager, National Bank of Pakistan, McLeod Road Branch, Lahore to transfer the proceeds of the Bank account…

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