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I.T.AS. NOS.3696/LB TO 3698/LB OF 1997, DECIDED ON 5TH MAY, 1998. versus I.T.AS. NOS.3696/LB TO 3698/LB OF 1997, DECIDED ON 5TH MAY, 1998.


To amend the order of the Deputy Commissioner of Income Tax Ordinance 1979 Sections 66A, 66 (1) (C) and 30, CI 118D (1), Second Schedule, Part I Power of Inspecting Additional Commissioner, a Public Limited Company, the management and management of the incorporated cement manufacturing plant, collected some of the funds borrowed from the fund to finance the construction and installation of the project, which was credited to the financial system which received the interest. The interest income was not received as compared to the financial expenditure incurred under unapproved expenses. No income for the tax was offered from the industrial unit. Assessment could be taxed on interest income under the Section 30 Income Tax Ordinance, the Additional Commissioner inspecting 1979 reviewed the order and Taxed on interest income, the reviewing authority can evaluate the interest income by modifying the valuation of the situation.

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