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QUAID-I-AZAM COLLEGE OF COMMERCE, LAHORE versus COMMISSIONER OF INCOME-TAX/WEALTH TAX, COYS-I, LAHORE

The Second Schedule to Income Tax Ordinance 1979, CL (86) and Section 136 (2), exempted the educational institution from claiming exemption because the appraisal institution was a commercial institution that generally charged fees. Such as educational institutions in the market; and for some years he was announcing surplus funds, a portion of which was unconfirmed. Such an order was previously maintained by the appellate authority and the tribunal's accuracy for both reasons. It was not enough to deny the waiver, if the Assessing Officer had, it is established on record that the educational institution's Q The purpose or purpose of Yam was nothing but to make a profit. And that the actual profits are being obtained under the guise of dealing with irrelevant facts, rather than practicing the association officer, the tribunal went further to deny the exemption based on these facts. The officer's tribunal did not justify the exemption waiver, the High Court answered the reference in a negative way law websites from Choa Saiden Shah lawyer