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    Internal Corresponence2816191

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    The document is a show cause notice from the Commissioner of Income Tax to M/S AASA AUTOMOBILE COMPANY regarding potential amendments to their tax assessment for the 2018 tax year. It notes issues with the company's previous explanations regarding minimum tax charged, cash expenses disallowed, and failure to deduct/file withholding taxes. The company is given an opportunity to provide further explanation and evidence by March 25th, otherwise their assessment will be amended without notice under relevant sections of the Income Tax Ordinance.

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    Internal Corresponence2816191

    Uploaded by

    Mohsin Ali Shaikh vlogs
    63 views2 pages
    The document is a show cause notice from the Commissioner of Income Tax to M/S AASA AUTOMOBILE COMPANY regarding potential amendments to their tax assessment for the 2018 tax year. It notes issues with the company's previous explanations regarding minimum tax charged, cash expenses disallowed, and failure to deduct/file withholding taxes. The company is given an opportunity to provide further explanation and evidence by March 25th, otherwise their assessment will be amended without notice under relevant sections of the Income Tax Ordinance.

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    The document is a show cause notice from the Commissioner of Income Tax to M/S AASA AUTOMOBILE COMPANY regarding potential amendments to their tax assessment for the 2018 tax year. It notes issues with the company's previous explanations regarding minimum tax charged, cash expenses disallowed, and failure to deduct/file withholding taxes. The company is given an opportunity to provide further explanation and evidence by March 25th, otherwise their assessment will be amended without notice under relevant sections of the Income Tax Ordinance.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    63 views2 pages

    Internal Corresponence2816191

    Uploaded by

    Mohsin Ali Shaikh vlogs
    The document is a show cause notice from the Commissioner of Income Tax to M/S AASA AUTOMOBILE COMPANY regarding potential amendments to their tax assessment for the 2018 tax year. It notes issues with the company's previous explanations regarding minimum tax charged, cash expenses disallowed, and failure to deduct/file withholding taxes. The company is given an opportunity to provide further explanation and evidence by March 25th, otherwise their assessment will be amended without notice under relevant sections of the Income Tax Ordinance.

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    of 2

    122(9) (Notice to amend assessment)

    Name: M/S AASA AUTOMOBILE COMPANY Registration 2816191


    Address: PLOT NO. C/4-B, S.I.T.E. KOTRI, ., Jam Shoro Kotri Tax Year : 2018
    Period : 01-Jul-2017 - 30-Jun-2018
    Medium : Online
    Contact No: 00923463882848 Due Date : 18-Feb-2020
    Document 04-Feb-2020

    Assignment : Reminder Issued Assignment Date : 18-Mar-20


    From : PERVEZ AHMED SHAR (Commissioner Additional) Due Date : 25-Mar-20
    To : M/S AASA AUTOMOBILE COMPANY Compliance Date : 18-Mar-20
    SUBJECT: SHOW CAUSE NOTICE UNDER SECTION 122(9) TO AMEND THE ASSESSMENT UNDER SECTION 122(5A)
    OF THE INCOME TAX ORDINANCE 2001 – FOR TAX YEAR 2018. FURTHER EXPLANATION REQUIRED

    Reference: Please refer to this office show cause notice No. 447 dated 04-02-2020 and your explanation filed your A/R, M/s.
    Rehmat Ali Shaikh manually on 12.03.2020 on the subject noted above. Your reply has been examined and found unjustifiable.
    Therefore, being devoid of merit is rejected and rebutted as under;

    01. In your reply, It is contended that the show cause notice is illegal and baseless just because of incorrect mentioning of
    declared Income in return at Rs. 1,190,307/- instead of Rs. 1,735,000/-. In this regard, it is rebutted that it was just a
    typographical mistake and merely typographical mistake does not make any proceedings illegal and baseless. Therefore,
    ignoring the same, you are required to furnish tenable explanation along-with reliable evidences regarding main issue i-e
    charging of minimum tax u/s. 113 ibid at Rs. 1,925,509/- on the declared turnover/ gross revenue at Rs. 154,040,740/-.

    02. In respect of issue regarding disallowances of expenses made in cash at Rs. 107,065,000/-, you have contended,
    without mentioning any reason, that judgment referred in the notice was not applicable in the instant case. Except this, you
    have not any offered any explanation regarding the main issue cash utilization and its expenditure. In this regard, you apprised
    that the contents of the notice along-with referred judgments may kindly be properly appreciated and tenable explanation may
    kindly be furnished regarding the cash utilization.

    03. In respect of issue regarding non-deduction of taxes being withholding agent on payment made against different heads
    and non filling of withholding statements, you are apprised that the section 153(7)(h) of the Ordinance, 2001 has correctly been
    referred for withholding agent because this section entitle you to be a withholding agent for collection //deduction of taxed
    required to be deducted /collected under the Ordinance, 2001.

    In view of above, you are hereby provided an opportunity of being heard to explain your position along-with reliable
    documentary evidences as to why the amendment of assessment should not be made on the basis of issues confronted to
    you.

    The reply/ Compliance of this letter be furnished duly supported with concrete documentary evidence latest by 25th
    March, 2020 positively. In case of non¬compliance, or partial compliance without any documentary evidences, your income will
    be amended under section 122 (5A) r/w section 21 of the Income Tax Ordinance, 2001 without any further intimation from this
    office.

    (PERVEZ AHMED SHAR)


    ADDITIONAL-COMMISSIONER-IR
    Range-A, Zone-I, RTO Hyderabad

    Page 1 2 Printed on Wed, 25 Mar 2020 18:01:


    122(9) (Notice to amend assessment)

    Name: M/S AASA AUTOMOBILE COMPANY Registration 2816191


    Address: PLOT NO. C/4-B, S.I.T.E. KOTRI, ., Jam Shoro Kotri Tax Year : 2018
    Period : 01-Jul-2017 - 30-Jun-2018
    Medium : Online
    Contact No: 00923463882848 Due Date : 18-Feb-2020
    Document 04-Feb-2020

    Page 2 2 Printed on Wed, 25 Mar 2020 18:01:

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