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I.T.AS. NOS.456/KB AND 689/KB OF 2003, DECIDED ON 30TH JANUARY, 2004. versus I.T.AS. NOS.456/KB AND 689/KB OF 2003, DECIDED ON 30TH JANUARY, 2004.

Section 107AA, 107 and 156 of the Finance Ordinance (XXI of 2000), the tax credit claimed under section 107AA of the Income Tax Ordinance 1979, was denied advance tax credit for the Income Tax Officer, contrary to 5 107 of the Income Tax Ordinance 1979. Was. There is no explanation available under section 107AA of the Income Tax Ordinance 1979 under which the tax credit cannot be leased on the assets before the appellate authority moved such tax credit department to apply under section 156 of the Income Tax Ordinance 1979. The first appeal against which was 5107. There was no clarification regarding Section 107AA of Income Tax Ordinance 1979 of the Income Tax Ordinance, which provides for the benefit of leased assets, the first appellate authority having amended its order under section 156 of the Income Tax Ordinance 1979 The previous order was vacated, and as a result the order of the appraisal officer was restored, for example, in which there was only one method for obtaining lease finance assets. There could be no difference between these assets, Which was acquired through direct purchase or lease finance for the purposes of section 107AA of the Income Tax Ordinance 1979 Was obtained through. The order of the First Appellate Authority to be made in respect of the properties leased under Section 107AA of the Income Tax Ordinance, 1979, was absolute, as the first appellate authority as requested by Section 156 of the Income Tax Ordinance. Interference was not guaranteed. , 1979, observing that the benefit of the tax credit under Section 107AA was only available to the industrialist who invested and owned the plant and machinery, attorney vs advocate vs counsel from Baroute lawyer