NISHAT DAIRY (PVT.) LTD. versus COMMISSIONER INLAND REVENUE
Sections 65D, 159 (1), 53, 148 and 122 of the Constitution of Pakistan, Arts 25 and 1993 Constitutional Application Tax Credit Tax Credit for newly established Industrial Professional Corporate Dairy Farming Exempt for payment on the payable stage at the import stage In the matter of issuance of the Certificate of Income Tax Ordinance, tax exemption and the tax credit under section 65D of section 65D were two aspects of the same equation, the applicant was a newly established industrial initiative, and 100% of the tax credits were income. Was acquired under section 65D. Tax Ordinance, 2001 Applicant asserts that he is entitled to an exemption certificate under section 159 (1) of the Ordinance against Advance Income Tax received from the applicant under section 148 (1) of the Income Tax Ordinance 2001 at the import stage. ? Since it was importing livestock food etc. The Department was of the view that tax credit is not equivalent to tax exemption under Sec. 53 of the Ordinance, and that the applicant had to pay advance tax from the beginning and could then apply for a refund and that the tax credit arises from the applicant's income industry under-tax Related to income and did not extend taxable income. Generate tax credits and tax exemptions, which receive other tax credits and tax exemptions, and have two sides of the same coin, at least when Section 159 (1) of the Income Tax Ordinance applies. The purpose, purpose and scope of Section 159 (1) of the 2001 Ordinance was that if a taxpayer is exempt from tax or there is a lower rate of tax on taxable income, the taxpayer will pay advance tax. of the
Related judgments — Lahore High Court Lahore, 2013
