---Workers' Participation Fund---Addition of---Taxpayer contended that accounts were prepared on accrual basis and an expense was charged as per International Accounting Standard; that S. 60B of the Income Tax Ordinance, 2001 allowed Workers' Participation Fund as deduction against company's income, adding such expense in company's income was illegal which needed deletion; and that, the assessment order did not fulfill the requirement of confrontation as the Taxation Officer had made reliance on unreported of the Appellate Tribunal without confronting the taxpayer through notice and merely mentioning appeal number of the said case of the Tribunal---Appellate Tribunal deleted the addition in circumstances.
| Court | Year | Appellant vs Respondent | Sections | Topic |
|---|---|---|---|---|
| Appellate Tribunal Inland Revenue | 2012 | Messrs SAMAD PIPE INDUSTRIES (PVT.) LIMITED Vs C.I.R., AUDIT 9, AUDIT DIVISION I, R.T.O.-II, LAHORE |
Income Tax Ordinance (XLIX of 2001)---
---Ss. 60B, 177 & 122(9)
|
Workers' Participation Fund---Addition of |