Find a Lawyer

COMMISSIONER OF WEALTH TAX versus MAQSOOD A. RAZZAK

Wealth Tax Act 1963 Section 5 (1) (xv), Second Schedule, Part I, CL 9 (iii) and Circular No. 3/12 WT / 85 of 17 CBR, dated 1 6 1985 Income Tax Ordinance (1979) XNXI) Second Schedule, CL 171 Waiver of Foreign Exchange Bearer Certificates Impact on Claims for Exemption Waiver The Appellate Tribunal granted the Foreign Exchange Bearer in charge of the Wealth Tax in view of Section 5 (i) (xv) of the Wealth Tax. Allowed exemption on the amount earned by the asset through certification inclusion. The accuracy of the Act, 1963, Section 171 of the Second Schedule to the Income Tax Ordinance 1979 has been specifically waived for cash received on such certificate under the Foreign Exchange Certificate Rules 1985, while the other C 19 (iii) only in respect of a certificate issued under the Foreign Exchange Beer Certificate Rules in the Schedule to the Wealth Tax Act, 1963, the exemption from the charge of the Wealth Tax was granted, and the amount or amount held by an Assessee Did not talk about Certificates issued under the Foreign Exchange Beer Certificate Rules 1985, from the Income Tax in relation to the amount received by an assessee, exclusively and foreignly, under Section 171 of the Second Schedule to the Income Tax Ordinance. Exempt from the charge. However, the exemption from the Exchange Bearer Certificates in the Wealth Tax Act 1963, however, exempted only foreign exchange beer certificates, and not the money held by the ACCC with respect to foreign exchange beer certificates. Includes a total of 171 of the Appellate Tribunal. Second Schedule of Income Tax Ordinance, 1979 was not fully valid and the Appellate Tribunal jobs for advocates from Timergara lawyer