COMMISSIONER OF INCOME-TAX, COMPANIES-I, KARACHI versus NATIONAL INVESTMENT TRUST LTD., KARACHI
Income Tax Ordinance 1979 Sections 23 (1), Explanation (B), 32 and 50 (6A) dividend tax deduction will not be deducted when payment is made to any shareholders, but income tax Section 23 (1) of the Ordinance, 1979 does not, at the time of the announcement of the dividend expression used in Expln (b), mean that the payment has actually been made according to the accounting method or on the basis of which the income tax is received. But only one is limited to Articles 18, 24 and 31 of the Ordinance. Such an explanation is generally and will not apply to other parts of the Ordinance as Fiction is limited to the scope of the law and its scope cannot be extended. The intent of the legislature is clear from the fact that such an explanation is made in section 50 (6A) of the Ordinance.
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