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I.T.AS. NOS. 1857/KB OF 2001, 2024/KB TO 2026/KB AND 2091/KB OF 2002, DECIDED ON 15TH APRIL, 2005. versus I.T.AS. NOS. 1857/KB OF 2001, 2024/KB TO 2026/KB AND 2091/KB OF 2002, DECIDED ON 15TH APRIL, 2005.


Sections 14 (2), 62 and Second Schedule, Part I, CLS (79A) and (799b) Finance Act (II4 of 1994), Predictable Income Tax (Amendment) Ordinance (VII 1995), Predictable Income Tax (Fourth Amendment) Ordinance (XLVIII of 1995), Prediction Section R7979 (I) / 87, Dated 4 10 1987 Section RO 603 (I) / 89, Date 6 6 1989 Section RO 745 (I) / 89 , Dated 11 7 1989 CBR Letter C No 1 (33) E&IC / 97, dated 15 5 1999 Wapda Bonds exempt income from the ACC, a banking company First Appellate Authority not to exempt income from Wapda bonds Maintains dealing with Evaluation Officer on matters of. In section 14 of the Income Tax Ordinance, 1979, as per section RO 745 (I) / 89, dated 11-7 in 1989 and the reason for the permanent supply of clauses (79A) and (79B) of Part I of the second schedule of income. From. Tax Ordinance, 1979, Section RO 745 (I) / 89, dated 11 7 1989, lost its legal rights, as the Central Board of Revenue explained, in part, that income from WAPDA bonds. Except under clauses (79AA) and (BBB) of Part I of the Second Schedule to the Income Tax Ordinance, 1979, only if such bonds are owned by a company other than banks and insurance companies, In addition, it is not a valid and legal test. After reviewing clause (79A) and (79B) of section 14 (2) of the Income Tax Ordinance 1979 and Part 1 of the Second Schedule of Income Tax Ordinance 1979, this review was properly reviewed as being a bank company. went.

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