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I.T.AS. NOS. 3863/LB AND 3864/LB OF 1998 versus I.T.AS. NOS. 3863/LB AND 3864/LB OF 1998

Income Tax Ordinance 1979 Sections 12 {18) and 66 An Income which is considered to be credited as being deposited or created in Pakistan The amount deposited by the share deposit money was considered a loan because it was more than authorized capital. Is treated and was not authorized, nor was any department more authorized than the Capital Department to seek share deposit in accordance with law. If the Revising Authority sought the provisions of section 66A of the Income Tax Ordinance 1979, the share deposit amount. Accepted as a loan under section 12 (18). Income Tax Ordinance, 1979 In the circumstances, the SC dismissed the appeal of the SC law websites from Kohat lawyer