Returns and Assessments Chapter- 17
(a) a company; (b) Persons other than a company.
Q.NO. 8 Spring 2003 What is meant by term ‘amendment of assessments’ as laid down in Section 122 of
the Income Tax Ordinance, 2001.
Q.4 Autumn 2001 Your client “A bank” has received a notice u/s 92 of the Income Tax Ordinance, 1979 for
the recovery of tax from one of their account holder. Please advise your client on its obligations.
Q.5 Autumn 2001 Can the income tax be recovered from a director or shareholder of a a private company
whose liability is limited to the extent of amount paid on shares subscribed by him.
Q.6 Autumn 2001 Describe briefly the provisions relating to re-opening of a completed assessment,
including period of limitation, if any?
Q.NO. 6 March 2000 can assessment once finalized be re-opened or modified? Discuss with basis and
reasons.
Q.NO. 8 Sep 2000 an assessing officer has completed the assessment proceedings by making the
following additions in the income of a taxpayer:
- depreciation disallowed as claimed by the taxpayer;
- disallowances of printing and stationery expenses to the extent of 10% of the claim;
- non-acceptance of trading results by estimating sales from Rs. 1 million to Rs. 1.1 million and
enhancing G.P rate from 12% to 15%
The aggrieved taxpayer has approached you and requested to let him know his rights available under the
law to protect his interest. You are required to address him a reply including stating the deadlines within
which such legal rights can be availed.
Q.NO. 6 Sep 1999 what are the powers of the Commissioner Inland Revenue for revision of the
assessment order. Also explain the conditions for revision applications.
Q.NO. 8 Sep 1999 write short note on wealth reconciliation statement.
Q.NO. 2 April 1998 what are the provisions under the Income Tax Ordinance, 1979 for rectification of
mistakes.
Q.NO. 2 April 1998 what are the provisions under the Income Tax Ordinance, 1979 for revision of an
assessment order by the CIR.
Q.NO. 6 May 1994 state different provisions under which assessment can be framed.
Q.NO. 7 Spring 1994 what are the various options available to a taxpayer who is not satisfied with the
assessment order framed by the income tax assessing officer.