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MESSRS MUSLIM INSURANCE CO. LTD., LAHORE versus COMMISSIONER OF INCOME-TAX, COYS. III, LAHORE

Income Tax Ordinance 1979 Section 26 (A), First Schedule, Part II, Para A (2) (A) and Fourth Schedule, R5 Insurance Company General Insurance Business Invoice and Invoice Received from the Inuit Unit in the Year 1992, 93 Taxes. Special change to Schedule IV of the Fourth Schedule to Ordinance 5 of the calculation of income from the general insurance business, but there was no provision for such tax calculation on income. The general provisions contained in the first Schedule to the Regulation shall apply to such taxation as income, and if any benefit in the tax rate is provided on any such income. And, general insurance companies to assess the benefits of the lower tax rates can not be deprived of such benefits, insurance companies generally can not be denied any of absence. Such a benefit cannot be extended to their income online advocate from Hasilpur lawyer