QUALITY CASTING (PVT.) LTD. versus INCOME-TAX OFFICER (COMPANIES), LAHORE
Income Tax Ordinance 1979 Section 12 (18) Income Tax Ordinance, Section 12 (18) of 1979 Income Tax Ordinance, 1979 The amount of applicable share deposit cannot be borrowed as per section 12 (8). Error of terms. ) The provisions of the Income Tax Ordinance, 1979 cannot be drawn unless no loan was received by the assessee and it was not claimed where neither of the two requirements were answered. The provisions of section 12 (18) were not drawn.
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