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2005 P.C.T.L.R. 374

Commissioner Of Income Tax/Wealth Tax, Faisalabad Zone, Faisalabad vs

Citation2005 P.C.T.L.R. 374
CourtLahore High Court
Case No.Income Tax Appeal No. 320 of 1998
Date2004-12-16
Judge(s)Mian Saqib Nisar, Sh. Azmat Saeed
ResultAppeal Dismissed

ORDER

After careful perusal of the order impugned, we are of the view that the Tribunal rightly held that initiation of action in terms of Section 65 of the Ordinance was not competent, as it was undertaken without availability of definite information, as contemplated under the aforesaid provision of law. On merit it was held that the Assessing Officer had failed to bring home any acceptable justification, reason or basis to enhance the price evidenced by the registered sale- deed.

2. Considering the case from all angles, we find that no question of law has been formulated worth answering by this Court. Consequently, we decline to answer and dismiss this appeal being devoid of any merit.

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