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INSPECTING ADDITIONAL COMMISSIONER OF INCOME TAX versus MESSRS MICRO PAK (PVT.). LIMITED


Understanding Income Tax Ordinance 1979 Section 12 (18) [As amended by Finance Act (Sick of 1998), 62, 66A and 137] Constitution of Pakistan (1993), Article 185 (3) Share deposit money loans or advances. Showcases notices were issued to the reviewers at the point that the introduction of the deposit amount was not more than the authorized capital and, if not more, a contravention of Section 12 (18) of the Income Tax Ordinance by cross-check, 1979 Authority. Considering such money as debt, the High Court, in the wrap of share deposit money, received such an increase through access and showed that the share deposit money was a matter I cannot confirm the observation of the High Court that in all cases not only the power of the Assessee was raised, but in fact the shares were issued in the face of the shares which was the amount of the share in the amount in question. The loan, because the financial year immediately following the termination of the assessment, was included in Section 12 (18) of the Income Tax Ordinance, the Expression Advance by the Financial Act 1998 and became effective from 1 7 1998. The share capital was raised through, if such development is to be understood, it cannot be. Prior to the final assessment, the Supreme Court dismissed the application for leave to appeal the circumstances.

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