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I.T.AS. NOS.423/LB OF 1993 AND 2115/LB OF 1992-93 versus I.T.AS. NOS.423/LB OF 1993 AND 2115/LB OF 1992-93


Income Tax Ordinance 1979 Section 19 and 156 Correction of Home Property Error Assisi was a co-owner of the property of which he was a director company (the tenant) renting the property to other tenants far more than that. Used to give Assisi declared this part of the company to be less than the rent it was receiving, which was considered by the Subtitle Assessing Officer as a collective arrangement between the Assisi and the company and the income from the Assisi was income tax. An application was also made against this application under section 156 of which the tax was levied on the basis of the rent received by the company from the sub-lease instead of the original rent received by the assessee. The ordinance, 1979, held that the appraisal may be canceled in the case of the company because the income from the property has been deducted. It provides an estimate of the supply of legality to the individual owner of section 19 (2) of the Income Tax Ordinance 1979. It is not always the rent that was originally received, but the amount that the property is reasonably expected to remain annually is liable. Property tax was accepted by the lessor on higher rents, which was a limited company and the property owners said that the company is the director of the leasing officer, estimating the income from the property based on the rent received. It was permissible to apply. The annual cost of the lease / company is related to the property owned by Asmayee, its value will be determined by the amount that a sub-lease or subsidiary also pays for its occupation.

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