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W.T.A. NO. 2083/LB OF 2000, DECIDED versus W.T.A. NO. 2083/LB OF 2000, DECIDED

R 8 (2) (c) (ii) The Ordinance of Companies (XLVII of 1984), the wilderness surplus was neither \ amount \ to calculate the break-up value on the maintenance of breakup value fixed assets of section 235 shares. Nor was the money and, it was just a clear increase in the value of the assets that only added to the imaginary value and in fact had no effect, was given a picture in section 235 of the Companies Ordinance, 1984 That could not cover the increase in asset recovery. The definition of reserve of such supply clearly directs the separation of its components in the balance sheet and directs it to be kept separate from the reserve and cannot be used to pay dividends on the recovery of assets. So it was not clarified. Distributing its dividends was understandable and in no way arising from the question of its distribution, was the determination of the company's shares to be included in certain items before reducing its obligations. The rise in net book value arising from the analysis of fixed assets of R8 (2) (c) (ii) of the Wealth Tax Rules, 1963, had to be recognized again at the head of the analysis surplus, which was just a book adjustment. And the determination cannot be termed as a reserve for the additional purpose of achieving the increase in the counted value on the restoration of the assets because of this simplistic reason, in terms of 8b (b) (c). There was no reserve. (ii) The exclusion by the appellate authority before the Taxes Rules, 1963, was fully justified by the Tribunal. patent advocate from Mubarik Pur lawyer