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I.T.A. NO.49/IB OF 2001-2002, DECIDED ON 25TH JANUARY, 2003 versus I.T.A. NO.49/IB OF 2001-2002, DECIDED ON 25TH JANUARY, 2003

Section 24 (c) and 50 (7d) deductions cannot be accepted for financial expenses / claims claims, which are funded after the sale is adjusted by the company paying its balance to its holding company. Were granted due permission, the First Appellate Authority has appealed through the Department of Assessment that the recipient has discharged his / her responsibility and is required to comply with Section 24 (c) of the Income Tax Ordinance 1979 The raise could not be made under the law, but prior to the inquiry a decision had to be made to squeeze out legal matters. The issue was placed in the direction that the Assessing Officer would consider the shortcomings of the Assisi after confirming the appropriate opportunity and to verify the matter with the Assessing Officer's holding record of the Assessing Officer. And proofs must be confirmed in advance. Issued by Assisi or which may be prepared by Assisi from the holding record of a holding company which may be sought. The record order was amended on the certificate issued by the holding company under section 24 (c) of the Income Tax Ordinance 1979 and the issue was separated by appellant for consideration. Tribune famous lower court advocate from FR Peshawar lawyer