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I.T.A. NO.4614/LB OF 1997, DECIDED ON 13TH JANUARY, 1998. versus I.T.A. NO.4614/LB OF 1997, DECIDED ON 13TH JANUARY, 1998.


Income Tax Ordinance 1979 Second Schedule, CL 118E Exemption Denied Assisi, a Private Limited Company Memorandum of Association of the Company said that what enables the Company to manage financial matters as well as financial matters has been issued by the Assessing Officer. People denied waiver claims. Because the company was not specifically designed to handle industrial action properly, the disputed items did not mean that the company was authorized to do any business other than the main item that the valuation officer only Disputed item was not rejected. Enabling a company to manage a company's finances without which no business was possible and such items are commonly found in association companies cannot be ruled out.

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