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COMMISSIONER OF INCOME/WEALTH TAX COMPANIES ZONE-I, LAHORE versus HAFEEZ VALQA INDUSTRIES (PVT.) LTD., LAHORE

Section 12 (18) of the Income Tax Ordinance, 1979, under section 12 (18) of the Scope Validity Joint, accounts for more debt and over-the-counter assets of the Assessee Company than its authorized capital treating such money. The amount of share deposit shown in the balance sheet books will be freedom to increase the stock company and in accordance with certain conditions of law to reduce its paid-up capital, a company's intention to expand its business of revenue There was no business to make mistakes with and therefore the books contain entries made through SC The question about the accounts will not be decided, whether the amount is paid as a capital asset or the purpose of section 12 (18) of the Income Tax Ordinance, 1979, for the purpose of any stock in the trade is the purpose of borrowing in section 12 Had to mention. 18) All other similar or equivalent terms of the ordinance, excluding the nature of the transaction or invoices, continue to search for the fact that such money was invested in the business and used as capital, circulation or other principles. Was \ r \ n jobs for advocates from Haveli Lakha lawyer