BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVAID MASOOD TAHIR BHATTI, JUDICIAL MEMBER versus BEFORE INAM ELLAHI SHEIKH, CHAIRMAN AND JAVAID MASOOD TAHIR BHATTI, JUDICIAL MEMBER
Income Tax Ordinance 1979 Sections 30, 22 and 72 Earnings from Other Sources Interest Earnings No Business Expenses Deposit against Interest Earnings Not for the first time, the appellate authority found that business expenses under section 30 of income were barred against income. can go. Under section 72 of the Tax Ordinance, 1979 Income Tax Ordinance, 1979, the issuance of a notice to the Assisi without a notice to the validity officer was not justified in eliminating the business loss due to expenditure on other income. The asset did not close its business but was. The expenses incurred under the temporary interruption of business and through the SCC were made in continuing the business, and they were allowable and the assessing officer made a mistake in not estimating business loss under section 22 of the Income Tax Ordinance 1979 The First Appellate Authority has rightly directed that all business expenses that are valid and necessary to maintain the Registered Office of the Assisi and the order of the First Appellate Authority on the execution of the Company's legal obligation be issued. Was retained and the Department's appeal was rejected by the Tribunal.
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