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AMIN TEXTILE MILLS versus FEDERATION OF PAKISTAN

Orders for banking companies are provided for services expressed in Sections 5 and 7 of the Central Excise Act of 1962 (I of 1944), Schedule Part II, Item 14 14 [as introduced by the Finance Act (XII of 1991)]. Or the services offered in connection with the various developments offered will manage legitimate services departments in the context of advancing the ability to lend excise duty on bank loans, advances and facilities, issuing checkbooks or offering loans. Anything related to torture that serves as a bank. The banking companies, referred to in section 7 of the Ordinance of 1962, 1962, mentioned in Item 14 14, Colonel II, services in connection with the advance of loans, which in its clear meaning indicate that the tax was levied. It is not just advances, loans, but services, which will be provided in connection with such lending, does not result in the advancement of loans or financing or its quantum. Termination of services is the outstanding balance of debt / advance at the end of each month under yard stock, while excluding excise duty cannot be computed to measure income tax as per Colonel III of Item 14 14, on services related to loans. The amount imposed or the advance loans may be high and the services offered may be very modest or vice versa, with which there is no way to measure the nature of the tax and the nature of the tax matter. Time pricing with expressions provided and provided by 14, but itemized in the third column of the item The calculation of the revenue on a regular basis is in conflict with the charge mentioned in the second column. law firms from Kotri lawyer