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COMMISSIONER OF INCOME-TAX versus NATIONAL AGRICULTURE LTD., KARACHI

Second Schedule, Income Tax Ordinance 1979, Part I, CL99 and Third Schedule, CL7 (C) Business Profit Taxistasis discount sale, it sold all poultry farm business and made profit from its sale, which sold The revenue generated from it was estimated by him. The officer was subject to tax as a provision of Profit and Income Tax Ordinance, Section 7 (c) of the Third Schedule, 1979. The entire property of the business containing the appraisal building cages, equipment, furniture and fixtures was sold for a certain amount of value as Assisi decided to terminate the poultry farm business by selling one lane. In religion, the whole concern is sales, such sales reflect the value of the entire business and its assets, which consists of buildings, cages, equipments, furniture. And as such, it was not possible to offer a sale of nature to a particular amount or value sold to buildings, cages, equipments, furniture and fixtures where the concern of the entire business as to the simultaneous compensation of all assets. Sold and where it was not possible to separately determine or assign any amount or value of the building, the plant, furniture or realty was a fall transaction or a good sale that resulted in the sale proceeds. Used to work with buildings, plants and machinery in accordance with the provisions of CL7 of the Third Schedule of Income Tax Ordinance, 1979 There was no obligation to tax the entire business concerns; the poultry farming business had to be sold with all the assets. Responsible for levying taxes immigration advocate from Chiniot lawyer