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I.T.AS. NOS. 492 TO 494(PB) OF 1999-2000, DECIDED ON 29TH SEPTEMBER, 2001. versus I.T.AS. NOS. 492 TO 494(PB) OF 1999-2000, DECIDED ON 29TH SEPTEMBER, 2001.

Income Tax Ordinance 1979 Sections 30 and 23 (1) (vii) Income from other sources Interest income is defined as interest income based on unrealized capital expenditures, resulting in an investment, overpayment or return / investment. Working Sense Re-investing in a financial institution and more profitable investments was part of the revenue from the business of the company which was approved by the Company's Memorandum of Association resolution of the Board of Directors Was approved by and was responsible for determining respondent real estate costs and survival. Comparing the wages, if any, to investing to reduce the investment in the project, the interest income accrued from the investment over the sum of money is the other source under section 30. Is considered as income from. Income Tax Ordinance 1979, and accordingly, the taxing officer, First Appellate, directed the Authority to prevent interest income in the face of unexpected capital expenditures, as well as benefitting the assesseeing officer, including financial expenses and balanced interest income. Making, unstable to reduce the investment cost of the project, the sale of cement and although the Articles of Association allowed the company to invest in excess money, it first applied to the appellate authority's usual business Could not be included, was held, the appeal of the department was not accepted before the appellant Harty was set aside and was asaysng Appellate Officer appointed by the tribunal [(1988) 58 Tax 15 (Tribe) rejected lawer from fb area from Kamalia lawyer