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    Income Statement For The Year Ending On 30.6.2000 (Assessment Year 2000-2001)

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    Riaz-ul-Hassan, an advocate from Multan, received notices regarding his income tax assessment for the year 2001-2002. He responds by summarizing that: (1) he has been declaring ongoing construction costs for an incomplete house over multiple years, totaling Rs. 811,800 so far; and (2) the house was still under construction in 2001-2002 and not complete as assumed, as evidenced by ongoing costs declared in later years. He requests that the assessment be revised or withdrawn in light of the house still being under construction during the audit period.

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    Income Statement For The Year Ending On 30.6.2000 (Assessment Year 2000-2001)

    Uploaded by

    api-3745637
    62 views8 pages
    Riaz-ul-Hassan, an advocate from Multan, received notices regarding his income tax assessment for the year 2001-2002. He responds by summarizing that: (1) he has been declaring ongoing construction costs for an incomplete house over multiple years, totaling Rs. 811,800 so far; and (2) the house was still under construction in 2001-2002 and not complete as assumed, as evidenced by ongoing costs declared in later years. He requests that the assessment be revised or withdrawn in light of the house still being under construction during the audit period.

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    Riaz-ul-Hassan, an advocate from Multan, received notices regarding his income tax assessment for the year 2001-2002. He responds by summarizing that: (1) he has been declaring ongoing construction costs for an incomplete house over multiple years, totaling Rs. 811,800 so far; and (2) the house was still under construction in 2001-2002 and not complete as assumed, as evidenced by ongoing costs declared in later years. He requests that the assessment be revised or withdrawn in light of the house still being under construction during the audit period.

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    Download as DOC, PDF, TXT or read online from Scribd
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    62 views8 pages

    Income Statement For The Year Ending On 30.6.2000 (Assessment Year 2000-2001)

    Uploaded by

    api-3745637
    Riaz-ul-Hassan, an advocate from Multan, received notices regarding his income tax assessment for the year 2001-2002. He responds by summarizing that: (1) he has been declaring ongoing construction costs for an incomplete house over multiple years, totaling Rs. 811,800 so far; and (2) the house was still under construction in 2001-2002 and not complete as assumed, as evidenced by ongoing costs declared in later years. He requests that the assessment be revised or withdrawn in light of the house still being under construction during the audit period.

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    of 8

    RIAZ-UL-HASSAN (Advocate)

    1775/B-66 Tariq Abad Colony,


    Multan.

    Income Statement
    For the year ending on 30.6.2000 (Assessment year 2000-2001)

    Income: -
    From Kot Addu Power Co. Ltd. 252,350.00
    Add Professional Income. 220,000.00
    472,350.00
    Less: Expenses.
    Salaries to staff & junior 138,000.00
    Bonus to staff 22,250.00
    Stationary & Printing 3,120.00
    Overtime (mess) 9,410.00
    Electricity 9,887.00
    Telephone 16,417.00
    Travelling & conveyance 18,550.00
    Postage & telegram 1,780.00
    Repair & Maintenance 3,984.00
    Subscriptions & periodicals: -
    Law books & periodicals 18,820.00
    Newspapers & magazines 3,250.00
    Entertainment 15,014.00
    Misc. Exp 7,078.00
    267,560.00
    Net Income 204,790.00

    Tax: -
    On Rs. 200,000/- 15,000/-
    On Rs. /- @ 15% 719/-
    Total: 15,719/-
    - Basic Exemption 2,000/-
    13,719/-
    + S.C. 10% 1,371/-
    15,090/-
    Paid U/s 50 (4) 13,169/-
    U/s 50 (7F) 550/-
    Net Tax payable 1,921/-
    U/s 54 2,381/-
    Refundable 460
    AFFIDAVIT

    I, RIAZ-UL-HASSAN Advocate, S/o Dost Muhammad, Seat No.


    38-Muhammadan Block, District Courts, R/o 6-Ahsan Colony, Suraj
    Miani Road, Multan, do hereby solemnly affirm and declare as
    under: -

    1. That I have applied for installation of new telephone number


    at my newly constructed residence and demand notice has
    been issued to me on priority basis being an advocate.
    2. That I have never got installed any telephone number on
    priority basis.
    3. That whatever has been stated above is true and correct to the
    best of my knowledge and belief and nothing has been kept
    concealed thereto.

    DEPONENT
    The Special Officer,
    Income Tax/Wealth Tax,
    Circle 15, Multan.

    Subject: - Refund of Rs. 18,160/-

    Respected Sir,
    It is submitted that an amount of Rs. 18,160/- (eighteen
    thousand, one hundred and sixty rupees only) is refundable for the
    year 1998-2000. You are requested to refund the aforesaid amount at
    your earliest convenience.
    Photocopy of Income Tax Return for the year 1998-2000 is attached
    for ready reference.
    With regards.

    Yours sincerely,

    Riaz-ul-Hassan,
    Advocate,
    N.T.N. No. 04-15-00025161
    1775/B-66, Tariq Abad
    Colony, Kalma Chowk,
    Multan.
    To,
    Mr. Shaukat Ali,
    Special Officer,
    Income Tax/Wealth Tax,
    Circle 15,
    MULTAN.

    Subject: - Reply to notices under sections 13 (1) (d) & 13 (2) of


    the Income Tax Ordinance, 1979—assessment year
    2001-2002.

    Dear Sir,

    Please refer to your letters No. 610 & 612 both dated
    25.3.2003, on the above-cited subject.

    1. In this connection, it is pointed out that: -

    a. During the assessment year 1999-2000, I declared


    cost of land worth Rs. 130,200/-, in wealth
    statement.

    b. In the year 2000-2001, a sum of Rs. 319,800/- was


    declared as construction cost.

    c. In the year 2001-2002, Rs. 315,000/- was declared


    as my construction cost.

    d. Furthermore, in the year 2002-2003, I also declared


    Rs. 177,000/- as construction cost. Thus making a
    total cost of construction for the years 1999-2000 to
    2002-2003 as Rs. 811,800/-.

    2. The audit period pertains to the year 2001-2002. Your


    goodself did not keep in view that the house is still incomplete and
    the case was dealt with on the presumption that it is complete and
    that no construction is pending.

    3. It is brought to your notice that I have shown the


    construction cost of Rs. 177,000/- in the year 2002-2003, as well,
    which clearly shows that my house was not completed even during
    the assessment period 2002-2003. Furthermore, I have also spent
    money for construction during the assessment period 2003-2004
    which will be shown in the next wealth statement.

    Keeping in view the above, your good self should have


    kept in view the construction cost of Rs. 315,000/- for the year
    2001-2002, rather than to proceed in a way to declare the house
    completed and tax worked out. It is also pertinent to mention here
    that question of adoption of cost of construction @ Rs. 350/- per
    sq.ft. does not arise at all as the house was under construction.

    When the house was not complete in the year 2000-


    2001, the reasons to presume it as completed is not understood
    which has been a cause of mental torture to me.

    Without prejudice to above, it is brought to your notice


    that: -

    (i) My house is yet not complete. Emulsion is still to be


    done which in your calculation has been taken as
    completed.

    (ii) Two bath-rooms are fitted with ordinary tiles and in one
    ordinary chips is used. It is also worth mentioning that
    one of the bath-rooms, in which tiles have been used,
    has been completed in September 2002.

    (iii) Ordinary chips have been used in the floor and no


    marble skirting has been used.

    (iv) Ordinary doors with iron frames have been used.

    Inspite of the fact that my wife and I are both earning


    persons, but due to price hike and tight financial position,
    maximum economy has been made.

    Internal finish, ratio of cement used is 1:4, walls 1:6,


    instead of ceiling 1:2 and walls 1:4.

    It will be not out of context to mention here that your


    goodself took the covered area of 3030 sq.ft. from my map and
    adopted the cost of construction @ Rs. 315/- per sq.ft. inspite of the
    fact that the house was yet incomplete.

    The intended adoption of Rs. 425,000/- is arbitrary,


    harsh, based on surmises and conjectures, without jurisdiction and
    not based on facts, which is not at all sustainable in the eyes of law
    and natural justice. I am being burdened unnecessarily without any
    cogent reason.

    In view of above, it is requested that the


    assessment may kindly be revised/withdrawn in the light of
    the aforegoing circumstances of the case.

    Affidavit to support the contention of the petitioner is


    attached.

    Petitioner,

    Through: -

    ANWAR ALI ZAIDI,


    Advocate
    AFFIDAVIT
    Reply to notices under sections 62 & 13 (1) (aa) of
    the Income Tax Ordinance, 1979—assessment year
    2001-2002.

    I, Riaz-ul-Hassan S/o Subedar Major (R) Dost Muhammad,


    Muslim, adult, R/o H. No. 6-A, Suraj Miani Road, Multan, do
    hereby solemnly affirm and declare as under: -

    1. That the contents of the accompanying Reply to Notices may


    kindly be considered as part and parcel of this affidavit, as the
    same is not being reproduced for the sake of brevity.

    2. That whatever has been narrated above, is true and correct to


    the best of my knowledge and belief & nothing has been kept
    concealed thereto.

    DEPONENT

    Verification: -

    Verified on oath this 31st day of March, 2003 that all the
    contents of this affidavit are true and correct to the best of my
    knowledge and belief & nothing has been kept concealed thereto.

    DEPONENT
    Reply to notices under section 13 (1) (d) & 13 (2) of
    the Income Tax Ordinance, 1979—assessment year
    2001-2002.

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