Find a Lawyer

I. C. C. TEXTILE LTD versus FEDERATION OF PAKISTAN

Section 12 Wealth Tax Act (XV of 1963), Proposed Constitution of Pakistan (1973), Arts 185 (3) 77, 141, 142 and Fourth Schedule, Part I, List of Federal Legislatures, Entry No. 50 Corporate Asset Tax, Holiday The Supreme Court of Appeal appealed for consideration, whether it was known by federal law, as "corporate asset tax", enacted under section 12 of the Finance Act 1991, under entry. Liabilities can be charged based on the total value of the assets included. 50 of the Federal Legislative List, Fourth Schedule read with Articles 77, 141 and 142 of the Constitution. Whether the corporate asset tax, in relation to the value of assets held by a company on a particular date, which is considered under section 12 of the Finance Act 1991, has come into the legislature's ability to legislate. Can it be related to Article 70 of the Corporate Asset Tax The Constitution and entry number 50 of the Federal Legislative List was included in the Fourth Schedule (1973) of Pakistan? Whether the value of the assets / certain gross value of the assets was separate and specific to the Company's liabilities as shown in the balance sheet. Even though it was nerve-racking as well. Whether taxing and levying additional taxes or penalties may be demanded by the officer of the Wealth Taxes under the Wealth Tax Act, 1963, in the absence of the rules made under section 12 of the Finance Act 1991 and the taxation of taxes. In the absence of the powers of the Central Board of Revenue under the Finance Act, 1991, under the KT Act, 1963, additional taxation and penalty may be exchanged by the officer of the Wealth Tax. Is. Or the Wealth Tax Act, 1963 divorce advocates from Rangoo lawyer