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SUI SOUTHERN GAS COMPANY LTD. versus COMMISSIONER OF INCOME-TAX, COMPANIES-V, INCOME-TAX BUILDING, SHAHRAH-E-KAMAL ATATURK, KARACHI

Income Tax Ordinance 1979 Sections 23 (xviii) and 136 Natural Gas (Development Surcharge) Ordinances (I 1967), Section 3 (3) Constitution of Pakistan (1973), Article 185 (3) allowable deduction for payment of interest / compensation delays. The deductions for the purpose of such payment income tax have been deducted from two expenses of Rs 349.66 million due to late payment of gas development surcharge by the two forums under the High Court. ? Bills as income, taxable expenditures by the Income Tax Authorities were provided in the contract along with the Interest / Compensation Act for late payment of the assessment 1997 98 Val 98, therefore, it was a part of the contractual obligations. May be non-compliant. The applicant has to make extra payment as interest or compensation for late payment, but the same cannot be said for violating or violating the criminal law where the salary enables the business to move forward and make a profit in the business. Klnts were made defaults and in the absence of such payment the Assessee could suffer substantial loss, such payment could not be termed as penalty or penalty interest. Such payment and remittances made by Assisi. These are due to the trade campaign to facilitate the further development of the business. Shall be entitled to deduction under Section 23 of the Assessment Income Tax Ordinance, 1979, which was allocated, in whole or in part, for the purpose of the Commissioner's business decisions. The Income Tax (Appeals) and Income Tax Appellate Tribunals were based on concurrent findings of fact and there was no misrepresentation or absence if top advocates from Akhora Khattak lawyer