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COMMISSIONER OF INCOME-TAX, COMPANIES, LAHORE versus LOCUS TRADERS SHAN (PVT.) LTD., LAHORE


Income Tax Ordinance 1979 Section 136 High Court References Freight and Insurance Cost Benefits Item Profit and Loss Account Trading Account The question is whether the Tribunal was justified in conducting the freight and insurance or whether the profit and Damage is an item of account The fact that it was based on direct expenses and a trading account, no legal dispute raised The High Court declined to answer this question

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