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I.T.AS. NOS.5531/LB OF 1996, 45/LB, 46/LB, 6362/LB, 88/LB, 89/LB, 6054/LB TO 6057/LB OF 2004, DECIDE versus I.T.AS. NOS.5531/LB OF 1996, 45/LB, 46/LB, 6362/LB, 88/LB, 89/LB, 6054/LB TO 6057/LB OF 2004, DECIDE


Section 23 (1) (X) deduction therefore does not allow the provision for bad loans because the provision for final accounts for expenditure `supply business' does not qualify for appropriate business expenses and finalization of income tax assessment. It needed to be included in the return on revenue. And in the event of a bad loan, only the portion of the loan can be written to the Profit and Loss Account, which is estimated by Assisi Bank to fall into a particular category of the banking company. The State Bank of Pakistan periodically inspected the State Bank for documents filed by a bank under the strict rules set by the State Bank of Pakistan, to check it - It has the supply of evil and doubts. In the case of a loan, which the bank had for defaulting, the ACCC had no option but to refer to the bad loan as the final account officer did not have a valid valuation officer. Whether the bad debt required under section 23 (1) (x), 1979 of the Income Tax Ordinance was really bad or bad, the case reviewing officer sought to do so strictly in accordance with the law. went. The Assessing Officer will not reject a bad credit claim simply because it was offered as a bad credit loan as the back can be increased only if the Assigning Officer is required. After seeking explanation / clarification, the SCCC was contested and then the Assessing Officer `determines that a certain amount of money` was not a bad loan \

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