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COMMISSIONER OF INCOME-TAX, COMPANIES-III, KARACHI versus CENTRAL INSURANCE CO. LTD., KARACHI


Fourth Schedule, R5 and Sections 12 (9A), 136 (2) High Court's Inquiry / Profit and Acquisition of Insurance Company Reference Principles Jurisdiction Scope Profit and Benefit of the Insurance Business and Payable The provisions contained in the fourth schedule of the Income Tax Ordinance, 1979 had to be calculated, the provisions contained in the Income Tax Ordinance, 1979 section 12 (9A), the extension of the jurisdiction of the Assessment Officer not excluded in the Fourth Schedule. Under, the Income Tax Appellate Tribunal rightly excluded the additions relating to the review of the establishment of the insurance company The principles also cannot be ruled out, the appellate tribunal dismissed the application for reference under section 136 (2) rightly, dismissed in the Income Tax Ordinance, 1979 limited.

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