INSPECTING ASSISTANT COMMISSIONER AND CHAIRMAN, PANEL 20 COMPANIES versus PAKISTAN HERALD LTD.
Income Tax Ordinance 1979 Section 34A Elimination of Company Losses Section 34A, Ex-Terms and Principles of Income Tax Ordinance, 1979, states section 34A of the Income Tax Ordinance that the assessment of losses of certain companies in relation to a diagnostic company in. In the case of this section, such assessee is entitled to make a discounted claim in respect of the losses of the company, which is a company listed on the registered stock exchange in Pakistan and the entire share capital of another company.
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