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I.T.AS. NOS. 3490/LB AND 3491/LB OF 2005, DECIDED ON 10TH JUNE, 2006. versus I.T.AS. NOS. 3490/LB AND 3491/LB OF 2005, DECIDED ON 10TH JUNE, 2006.


Section 88 Income Tax Ordinance (XXI of the year 1979 1979), Second Schedule, Part I, CL (110) was a private company assessing the common joint income waiver of the individual as an association of persons. Upon receipt of the association, Assissee claimed an exemption under Part I total (110) of the Second Schedule to the Income Tax Ordinance, the first appellate authority of 1979, on the order that the assesseeing officer received the portion. Was not allowed to be taxed. The Assistive Company Income Tax Ordinance, 2001, accepts the acquisition of the company from the Association of Persons as a member of the Association of Individuals, which is exempt from tax, but this portion will be included in the company's earnings only. For the purposes of tax rates, section 88 of the Income Tax Ordinance 2001 has the effect of maintaining the position of Part 1 KCL (110) of the Second Schedule to the Income Tax Ordinance, 19. The appellate tribunal first upheld the appellate authority's order for taxation of the company's share in the income of the individuals' association. The appellate tribunal had earlier upheld the appellate authority's order and appeals were dismissed by the department. r \ n

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