I.T.A. NO.291/1,13 OF 1988-89 versus I.T.A. NO.291/1,13 OF 1988-89
In the nature of Income Tax Ordinance 1979 section 2 (11) and 22 ad adventure of trade edition, a director of this company has been estimated who in this case had purchased the property as a property in the hope that it would be profitable. On sale. At a later date it was not enough to assume that this was a business plan unless a nexus was found between the personal activities of the director of a company and the business activities of the company in which the director of the Assisi, Negative defects can be justified in the case of no such SC
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