I.T.A. NO. 1027/LB OF 1998, DECIDED ON 10TH MARCH, 1999 versus I.T.A. NO. 1027/LB OF 1998, DECIDED ON 10TH MARCH, 1999
Income Tax Ordinance, 1979, Section 12 (18), 62, Second Schedule, Part IV, CL (8), and Second Schedule, Part I, CL (118E) CBR Circular No. 11, Dated 4 1992 CBR Circular No. 12 1992, dated 10 5 1992 Scott Deposit Money Assisi, a limited company share deposit amount was not received by the cross-check through Assisi, the share deposit money was also credited as acquisition credit. And was also included under section 12 (18) of the Income Tax Ordinance, 1979. The Income Tax Appellate Tribunal obtained the remand of the case to determine whether to submit the shares. Whether the money falls within the definition of debt and the Assessing Officer should have considered the use of that amount from the date it was received as a share. Deposit up to date, shares have been allocated in the event of whether interest was paid or not.
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