Find a Lawyer

COMMISSIONER OF INCOME-TAX versus FAYSAL ISLAMIC BANK OF BAHRAIN, KARACHI

Income Tax Ordinance 1979 Section 23 \ Income \ As stated in Section 23 in, Income Tax Ordinance, 1979 Expression / Income \ Gross income \ and no income Net income is not deducted from income under various permissible allowances, depreciation, expenses etc. Will be Section 23 of the Income Tax Ordinance, 1979, such deduction can only be deducted from gross income from and not from \ net income, since \ net income all arrive after all allowable allowances, expenses, deductions / deductions. Will Depreciation, etc. If the term \ income of 'is to be interpreted as \ net income as', the purpose of section 23 of the Income Tax Ordinance, 1979, as an offensive expression \ income nd appearing in section 23 of the Income Tax Ordinance. Will be presented at 1979, means \ gross income \ and not \ net income \ best advocate from Jaffarabad lawyer