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COMMISSIONER OF INCOME-TAX versus KOHINOOR SUGAR MILLS LTD.

Referring to the Income Tax Ordinance 1979 Section 23 (1) (X) and 136 High Court auction advertising loans, the amount assessed as a result of the arbitration award was refused by the officer and retained treatment. The First Appellate Tribunal found that the amount was deductible in writing under section 23 (1) (X) of the Income Tax Ordinance, 1979 the Tribunal justified the dismissal of the Department's request that Section 23 of the Income Tax (1) Bad credit claims cannot be allowed under (X). Tax Ordinance, 1979 Since income was assessed under Section 30 of the Income Tax Ordinance, 1979, the finding of facts recorded by the Tribunal was not challenged on any basis nor was it claimed. Contrary to the material available on record, the fact that the original assessment should be made was made under a different provision of the Income Tax Ordinance, 1979, as was rightly found by the Tribunal, as far as the issue of bad credit recognition is concerned. Was, it was uncomplicated. registration advocate from Takhtbai lawyer