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I.T.AS. NOS. 1246/LB OF 2003 AND 3768/LB OF 2005, DECIDED ON 8TH DECEMBER, 2005. versus I.T.AS. NOS. 1246/LB OF 2003 AND 3768/LB OF 2005, DECIDED ON 8TH DECEMBER, 2005.

The provisions of section (38 ()) for damages in the case of firms, partners, etc. Prevent non-deferred depreciation against other income If there is a link between the expenditure and the income from other sources which Means these expenses. Particularly in earning revenue from other sources, it can be avoided with any other profit or profit, and if it is not, then it cannot be allowed to result in the use of machinery engaged in business over time. Keeps decreasing. Therefore, unauthorized depreciation has been prevented against the law or business or occupation income for which the aforementioned machinery was used, unlicensed depreciation cannot be prevented against this income from other sources for this simple reason. That there was no nexus with it. Second income; even this income did not fall within the scope of Sections 30 and 31 of the Income Tax Ordinance 1979, since the SC is a limited company, so the Income Tax Ordinance did not fall under the purview of section 38 of 1979. The order of the First Appellate Authority was vacated by the appellate tribunal for lack of law, and the appraisal formulated by the Assimilating Officer restored the assessment under which it compared income received from other sources. I refuse to allow the underestimation of the previously estimated year. In the next year immigration advocates from Shahkot lawyer