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I.T.A. NO. 1045/KB OF 2000-2001, DECIDED ON 30TH OCTOBER, 2001. versus I.T.A. NO. 1045/KB OF 2000-2001, DECIDED ON 30TH OCTOBER, 2001.


The income received from Sections 27 and 30 other sources was deducted under section 30 of the Income Tax Ordinance received in terms of the termination of the Distribution Agency; the accrual of 1979 was for the transfer or withdrawal of a right. That is, the distribution of the two products was such a right that clearly a capital asset and the compensation received for its transfer were able to be taxed under section 27 of the Income Tax Ordinance 1979 as it was specifically entitled to section 27 (2). (B) was not excluded from the scope of (i), (ii). iii) and (iv) such receipts were taxed as "investments" under section 27 of the Income Tax Ordinance, 1979, and the Tribunal, under extraordinary income, had two officers under it. Had modified the orders of.

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