I.T.AS. NOS.899/I13 TO 905/113 OF 1998-99 versus I.T.AS. NOS.899/I13 TO 905/113 OF 1998-99
Workers' Welfare Fund Ordinance 1971 Sections 2 (f) (vi) and 4 (4) Income Tai Ordinance (XXXX of 1979), an industrial measure owned by the Government Corporation Workers Welfare Fund, evaluated by a Public Limited Company. Upon completion of the welfare assessment, the Fund Assessee claimed that the company is owned by a corporation wholly owned by the Government, therefore, under section 2 (t) (vi) of the Workers Welfare Fund Ordinance, 1971. It was excluded from the scope of industrial work, therefore, was not responsible for the Workers 'Welfare Fund under Section 4 of the Workers' Welfare Fund Ordinance, 1971, ownership \ means any property owned or owned by the full title. Others say that the word "ownership" was used in connection with the acquisition of a majority shareholder and thus it was not prudent to have administrative control over the concern because in such a case the legislature would not use the word "ownership". Should have \ Partially owned \ Word \ Ownership \ Therefore, the exclusive property or full title was used to indicate that the rest of the appraisal company was not wholly owned by any corporation and was therefore owned by the workers. Was not exempt from the revenue of Welfare Fund under the provisions of the Income Tax Ordinance, 1979
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