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TRADING CORPORATION OF PAKISTAN (PVT.) LTD. versus FEDERATION OF PAKISTAN

Sections 50 (7A) and 2 (16) and Schedule I, Part IV, Parab (2) of the CBR Circular No. 6 1981 (Income Tax), Dated 17 3 1981 Ordinance of Companies (XLVII of 1984), Section 2 Constitution of Pakistan (1973), Article 199 Constitution Petitioner was incorporated as a Private Limited Company under Companies Ordinance, 1984 and the Federal Government Record revealed that the Company's full shareholding. Was being examined as a private limited company which shows that this company was a private limited company by definition incorporated in section 2 (16), Income Tax Ordinance, 1979, which includes company order NICE, read with Section 2 (28) of 1984, Term Public Company Definition included in paragraph B (2), Part IV of the first Schedule to Income Tax Ordinance 1979 shall be applicable for the purpose of tax rate only and The tax ordinance will be fixed for any other purposes / provisions of 1979. The NGO given in section 2 (16) of the Income Tax Ordinance, 1979 was read with the definition contained in section 2 of the Company Ordinance, 1984 Petitioner Company, therefore, in the context of all these clauses, the private Limited Company behaves like a company. Was bound to do. Income Tax Ordinance, 1979, except for the purpose of the first schedule of Income Tax Ordinance 1979, for which it shall be deemed to be a Public Company Notice shall be deducted from the applicant company and deducted tax under section 50 (7A) Income Tax. Will ask for the order. The ordinance, 1979, was not sustainable under the circumstances. The High Court held that the applicant company was a private limited company for the provisions contained in the Income Tax Ordinance, in addition to the earlier schedule, and the provisions contained in section 50 (7A) of the Ordinance. Applicant Applicant Company jobs for fresh advocates from Skardu lawyer