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I. T. A. NO. 982/LB OF 2002, DECIDED ON 21ST OCTOBER, 2002. versus I. T. A. NO. 982/LB OF 2002, DECIDED ON 21ST OCTOBER, 2002.


The revenue of trial production was estimated at the normal tax rate by correction of errors in Sections 156 and 118E. The income / loss received during the trial production was to be considered part of the capital and was not taxable under ordinary tax. The Income Tax Ordinance was vacated in 1979 and the Appellate Tribunal restored the original order

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