MESSRS RASHID & CO. versus COMMISSIONER OF INCOME TAX, ZONE-A, LAHORE
The final exclusion of section 13 (AA) and 8C tax liabilities The final exclusion of tax liability was limited to the profit and profit from the transaction. Was invested in C and will not extend to the investment or such investment falls under Section 13 (AA) of the Income Tax Ordinance, 1979, which was deducted under the tax regime, only In relation to the revenue from the transaction.
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