W.I.AS. NOS.9031LB TO 908/LB OF 1999 versus W.I.AS. NOS.9031LB TO 908/LB OF 1999
Wealth Tax Act 1963 Second Schedule Part I, CL 7 (ii) and Section 5 (i) (xv) (ii) Exemption Exemption from Exemption of Foreign Exchange Beer Certificate If the Foreign Exchange Beer Certificate Assessment I bought myself against this draft. He was received from outside Pakistan and consequently an asset was made on his veil; he was fully covered under Sec. CL7 (II), the first of the second schedule of the Wealth Tax Act, 1963. Part was not disputed in this matter. To the extent that the property receives non-disputed money through a common banking channel, converting it to FEBC will not amount to any other asset creation.
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