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COMMISSIONER OF INCOME-TAXI WEALTH TAX, FAISALABAD versus MOHSIN & CO, RICE DEALER, LAHORE ROAD, CHINIOT


Income Tax Ordinance 1979 Sections 12 (18) and 136 (1) Applicable to the Income Tax Determination The question of the fact that was received as a debt dispute was that a certain amount of money was paid Introduction was introduced in the books of the firm's account in fact it was a fact that the loan was not considered as a loan under section 12 (18) of the Income Tax Ordinance 1979, by the Assessing Officer while the Appellate Tribunal It was held that the provisions of section 12 (18) of the money did not attract. The question about the justification raised in the Income Tax Ordinance, 1979, was a question that could not be converted into law using mere phrase, which is usual for formulating questions about the law. None of this money can be considered as income of the assessee. Unless reference is made to the provisions of section 12 (18) of the Income Tax Ordinance, 1979, the procedure is not claimed as a loan against the procedure included in the terms where the money was never claimed. I was blatant for this increase

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