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MESSRS HYBRID TECHNICS (PVT.) LTD. versus INCOME TAX APPELLATE TRIBUNAL


Section 55, 80C and 136 and Schedule II, Part 4, CL (9), for the option, appeal before the High Court Assessment, section 80 of the assessment year 1995 96, which was for Income 1994 95 Was assessed under the provisions. Reviewers of the C Income Tax Ordinance, 1979 stated that the option was granted to the Ascension, according to Schedule II, Part 4, CL (9) Income Tax Ordinance, 1979, which was amended by the Finance Act, 1996. Was either to be diagnosed under it. Prior to the amendment of the provisions of section CCC or law which was allowed under common law, there was no option other than to evaluate it under section CC under C of the Income Tax Ordinance, 1979, 197980, as the assessment Earlier this year there was an issue of assimilation that did not exist. Formerly, the section 80C of the Income Tax Ordinance, 1979, was applicable in the case of Asbestos

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