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I.T.AS. NOS.265(IB) TO 267(IB) OF 2001-2002, DECIDED ON 31ST MARCH, 2003. versus I.T.AS. NOS.265(IB) TO 267(IB) OF 2001-2002, DECIDED ON 31ST MARCH, 2003.

Section 80 D&62 Pakistan Telecommunication Employees Trust (Reorganization) Act (XVII) Of 1996, CI 44 (9) Pakistan Telecommunication Employee Trust (Investment) Rules, 1997 CBR Circular No. 10 1991, 30 30 1991 Section RO 946 (I)) / 1997, dated 6.10 1997, the income received from investing in a pension fund for the payment of tax under section 80D of the Income Tax Ordinance, 1979, the first appellate authority received Excludes such tax on the basis of the provisions of S 80 D of the Tax Ordinance, income from investment in public securities, late payment of contributions and dividends in profits and losses in 1979 Interest was not applied to the account of 1979 as the gross receipts from these sources were not obtained under the business profession and the Department requested that the investment rules of the trust show that the trust business was invested in the government. Work to be done: Approval of the interest and shares of the privileged companies and the investment income of the trust as such provided for the business income taxed under the provisions of Section 80D of Income Tax Ordinance, 1979, Management of the Pakistan Telecommunication Employees Trust. Established by the Board of Trustees, the purpose of the trust was to restore the pension fund, pension funds Contains the amount received The employees' pension fund contributions, donations and investments and profits, gains and other profits earned on such investments show that the legal status and the scheme in the accounts shows that the trust. Was established to provide gratuity, instability, retirement, family and illegal pensions and commitments. Employees at the department failed to show that the assimilation advocate from Bewal lawyer