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COMMISSIONER OF INCOME-TAX/WEALTH TAX versus ENGINEERING COOPERATIVE HOUSING SOCIETY, LAHORE

Income Tax Ordinance 1979 Section 2 (16) (b) and Cooperative Society Act 80 V (VII of 1925) Cooperative Society's Tea Company Company / Regulated Cooperative Society benefited from the potential tax under section 80B of the Income Tax Ordinance 1979. A plethora of artificial jurists / Deputies requested that the Co-operative Society be a corporate corporation established under the provisions of the Act and that it be praised as a company given in section 2i 16) (b) of the Income Tax Ordinance 1979 And was excluded from section B80B of the Ordinance and, therefore, cooperative societies were not entitled to tax benefits, where the corporate body was formed directly under any law. , Without reference or the character of the privateers, it was just a body, formed under the law or formed under the law. The legislature intended to include only corporate entities in the definition of a company, which was established by direct, established and self-relevant law, where the bodies were created by private individuals and As a result, it was registered under the relevant law, it would not be a law-making body, it would be one such organization, otherwise, but when registered under the law while corporations were corporates, both the feedback and the left. Were used by the \ UNDER legislature and when enforcing section 2 (16) (b) of the Income Tax Ordinance, 1979 Legislative means was this the best way was informed and cover the definition by the cover of the two expressions, Cooperative Society section of the Income Tax Ordinance, 1979 2 (16) (B) \ The company did not \. solicitors from Muridkay lawyer