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COMMISSIONER OF INCOME-TAX versus NATIONAL AGRICULTURE LTD KARACHI

Second Schedule to Income Tax Ordinance 1979, Part I, CL 99, Third Schedule, R7 (C), Sections 23 (1) (V) and 136 (2) Settlement of Assets and the resulting losses or losses The assets of the treated poultry farm were considered to be a profit of the asset and taxed under R7 (c) of Schedule III of the Income Tax Ordinance 1979. Assessing Officer Assisi has stated that the Assessing Officer has no jurisdiction to comply with the provisions. The third schedule of the Income Tax Ordinance 1979, because the Assessing Officer did not have the privilege to count the income from the poultry farm and the second schedule of the Income Tax Ordinance, 1979, to exempt the income from the poultry business. Farming from income tax to tax will be available in connection with the sale of the asset settlement, the exemption waiver granted by CL99 of the Second Schedule of Income Tax Ordinance 1979, jurisdiction / officer jurisdiction of the Income Tax Ordinance In order to proceed with the counting of full / taxable income under 23, it was completely excluded in 1979 as long as it continued in the poultry farming and income-generating business, assuming the benefits Would not be the case. With the provision of the Third Schedule to the Income Tax Ordinance, 1979, rules were made for the calculation of depreciation allowance under section 5 of section 23 (1) of the Income Tax Ordinance 1979, as well as remedies for recovery or loss. for the. Assets used for sin, business or profession advocate for immigration from Bannu lawyer