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Petitioner: COMMISSIONER OF INCOME-TAX, ZONE-A, LAHORE VS Respondent: Messrs RAZA ALI KHAN QAZILBASH
Court Name: Lahore High Court Judge(s): Jawwad S. Khawaja, Nasim Sikandar Title:COMMISSIONER OF INCOME-TAX, ZONE-A, LAHORE vs Messrs RAZA ALI KHAN
QAZILBASH Case No.: C.T.R. No.43 of 1993 Date of Judgment:2000-12-06 Reported As: 2001 PTD 3376 Result: Reference answered Judgment ORDER NASIM SIKANDAR, J.---This is a case stated by the Lahore Bench of the Income-tax Appellate Tribunal at the instance of the Commissioner of Income-tax, Zone-A, Lahore. The question framed for our reply and consideration reads as under:--- "Whether on the facts and in the circumstances of the case the Tribunal was justified in allowing wealth tax liability as an admissible deduction under the repealed Income-tax Act, 1922? 2. At the outset both the learned counsel agree that the matter in issue stands decided through various judgments including re: C.I.T., Karachi v. Zakia Siddiqui 1989 PTD 135, re: C.I.T., Central Zone-A, Karachi v. S.M. Naseem Allahwala (1991) 64 Tax 31 re: C.I.T. Zone-C, Karachi v. B.D. Avari and C.I.T., Zone-A v. Arif Latif 1999 PTD 4120. In the last judgment to which one of us (Nasim Sikandar, J.), was a party an affirmative answer was returned to a similar question. 3. For the reasons stated in that order re: CIT v. Arif Latif (supra) the question posed in this reference application is also answered in the affirmative. .