KOHINOOR ENERGY LIMITED THROUGH MANAGER ACCOUNTS versus COMMISSIONER OF INCOME TAX (APPEALS) ZONE-I, ISLAMABAD
Section 30 and Second Schedule, Part I, CL (176) Economic Reform Act (XII of 1992), Section 5 (2) The private electricity generating company, with the exception of tax deducted from the interest of such company from its bank. In the Income Tax Ordinance, 176 of the Second Schedule of 1979 (read with Section 5 (2) of the Profit Economic Reforms Act 1992 under Profit (CL)), solely and solely for the purpose of generating electricity Cannot add profits to linked bank accounts.
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