I.T.AS. NOS. 5323/LB OF 2003, 2132/LB OF 2002, 5192/LB TO 5194/LB, 4329/LB TO 4331/LB OF 2004, DECID versus I.T.AS. NOS. 5323/LB OF 2003, 2132/LB OF 2002, 5192/LB TO 5194/LB, 4329/LB TO 4331/LB OF 2004, DECID
Payment is not admissible in respect of Building Plant and Machinery Lease in Section 24 (FF) 1998 CBR Circular No. 11, dated 25 7 1998, permits issued in connection with Circular No. 11 of 1998 Appellate Authority, which includes 257 1998. It was clarified that clause (ft) of section 24 of the Income Tax Ordinance, 1979 generally applies to the cost of compensation for a profit and loss account such as the wage and freight account payable to the account specified in the clause. Falls outside the scope. In addition, the appellate tribunal's order had no interference and the department's appeal was dismissed.
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