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BEFORE SHAHEEN IQBAL, ACCOUNTANT MEMBER AND S. HASAN IMAM, JUDICIAL MEMBER versus BEFORE SHAHEEN IQBAL, ACCOUNTANT MEMBER AND S. HASAN IMAM, JUDICIAL MEMBER


Section 24 (b) and 50 (7D) of the Income Tax Ordinance 1979, the tool for expressing any unacceptable deductions used in section 50 (7D) of the Income Tax Ordinance 1979, 1979 Interpretation Lease Business Loan Contracting Financials The Assigning Officer refused to allow the financing. On the basis that the tax was not deducted under section 50 (7D) of the Income Tax Ordinance 1979, which was earlier confirmed by the appellate authority. Accreditation loan agreements are defined as any device because the terms used could not be limited to the only instruments that were used for negotiating loan agreements or TF Cs being the instrument for the Income Tax Ordinance 1979. Section 50 (7D) is defined as any type of device, and therefore the tax was deducted by the assessee. The tribunal upheld the order of powers below

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