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I.T.AS. NOS.2539/LB TO 2541/LB OF 1999, DECIDED ON 17TH APRIL, 2001. versus I.T.AS. NOS.2539/LB TO 2541/LB OF 1999, DECIDED ON 17TH APRIL, 2001.

Income Tax Ordinance 1979 Section 30, Second Schedule, Part I, CL (176) Income from other sources Interest income on delayed payment of electricity bills Taxable interest income is not considered as part and parcel of business income. Under section 30 of the Income Tax Ordinance, 1979, the assessment was sufficiently justified. Such interest amount was separate and distinct because there was a fear of rebate and income from electricity generation could not be considered by the department. The tribunal denied the dismissal by list of supreme court advocates from Balakot lawyer